This has been a great trade.
Firstly it met all my 2LYNCH criteria and was a B grade set up. 10 minutes into the open it came up on on of my scans already 4%up, I identified straight away that it was the best candidate of the stocks that I had the choice of selecting from. It was a 4% break out backed by a good new catalyst which was positive earnings surprise
I went straight in for a limit buy order at $114.26 the stock was trading around $115. I got the fill and the stock was already 6% up for the day.
day 1
I imedatley put my stop at low of the day at $111.75
day 2
I raised my stop up doe a profit in the trade
day 3
I exited the trade and sold for a profit
overall great trade and I am happy with my performance.
how could I have traded this better ?
I could of traded this better if I followed my sell rules, that was the main thing that I have noticed that let me down.
I let my emotions get the better of me and I see the stock going down and sold. if I had followed my rules I would still be in the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-11 23:35:25 | U | buy | $114.260 | long |
2021-08-13 23:36:53 | U | sell | $125.460 | 0 |
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