PNK Trade on Dec 21, 2012 09:56 from derekrucki: Tradervue User Stock Trades.

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derekrucki

 

PNK rallied hard in the morning and then pulled back and found some really solid support at 15. When it held this level and created a really tight range I got long at 15.02 with a stop at 14.96 which was just under the low of the range. Stock behaved perfectly and spiked up through the range for a solid 42cent gainer or 7R which is pretty sweet. Unfortunately I did pretty small size and AGAIN I never added more to my position size once it broke above the range. Really need to just work on adding my size incrementally because these kinds of setups have been working great for me. Also, I missed out on a lot of the move and took my profits on the first spike because it was a massive 50cent candle out of nowhere and I think it is smart to sell into strength like that especially with a choppy market like this.


Execution detail:

Date/time Symbol Side Price Position
2012-12-21 09:56:27 PNK buy $15.020 long
2012-12-21 09:56:27 PNK buy $15.020 long
2012-12-21 10:04:52 PNK sell $15.440 long
2012-12-21 10:04:52 PNK sell $15.440 0


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