Shared by
BrentBerens_BOWS
Missed all the good entries earlier in the day... Had a bit of fomo, but it was at a sopport line I had drawn days before, and it seemed to be riding the EMAs which is something I like... Got on the flag into EMA sandwich, but only got a partial fill. Added more when it was sitting on 9 EMA and the profit so far would cover the additional shares. Started selling when I hit my $120 target.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-26 13:15:56 | RRC | buy | $26.985 | long |
| 2016-01-26 13:15:56 | RRC | buy | $26.990 | long |
| 2016-01-26 13:44:51 | RRC | buy | $27.150 | long |
| 2016-01-26 13:44:52 | RRC | buy | $27.150 | long |
| 2016-01-26 13:53:26 | RRC | buy | $27.140 | long |
| 2016-01-26 13:53:26 | RRC | buy | $27.140 | long |
| 2016-01-26 13:53:26 | RRC | buy | $27.140 | long |
| 2016-01-26 13:53:26 | RRC | buy | $27.140 | long |
| 2016-01-26 13:59:30 | RRC | sell | $27.250 | long |
| 2016-01-26 13:59:43 | RRC | sell | $27.262 | long |
| 2016-01-26 13:59:43 | RRC | sell | $27.260 | long |
| 2016-01-26 13:59:43 | RRC | sell | $27.255 | long |
| 2016-01-26 13:59:44 | RRC | sell | $27.274 | long |
| 2016-01-26 13:59:44 | RRC | sell | $27.272 | long |
| 2016-01-26 13:59:44 | RRC | sell | $27.268 | long |
| 2016-01-26 13:59:47 | RRC | sell | $27.276 | 0 |
Comments
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Yes, you missed the good entry around 26 on the daily .. just as you already said. And I completely get FOMO. But once you miss your ideal entry you just have to evaluate the next setup on it's own merit. And by the time you could find a way in, there wasn't much meat left on the daily bone with resistance around 27.35ish. I thought what you did was managed well, though.