Shared by
MichaelBLe
Tags:
Daily:Channel
Entry: Ladder
Exit: Mechanical
Took this as it was taking out the pivot high of 520. I set my stop at the break out level of 520. My theory was the stock should not retest this area if it was strong enough within a short period of time. The strongest stocks break out and explode out.
Quickly reversed and took my stop out. This is definitely not the right market for break outs.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-08-26 10:04:29 | DXCM | 25 | $523.020 | 25 |
| 2021-08-26 10:08:43 | DXCM | 25 | $526.740 | 50 |
| 2021-08-26 10:26:06 | DXCM | -50 | $519.060 | 0 |
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