Big gap up... I was looking at this one last night thinking that it was ready to break the trend line, but the stochastics were so oversold. With the earnings report out in the morning I wanted to watch it for a gap up... I got in with a lose stop, hence the 40 shares. I had intentions of adding shares as it got closer to the EMAs.... just was not around the pc until after it hit my target... Left a bit on the table thats for sure.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-02 09:41:07 | KORS | buy | $47.390 | long |
2016-02-02 10:58:14 | KORS | sell | $48.760 | 0 |
Really nice. You did leave a bit on the table, as you said. But I think it's more important to review 1) Did you follow your reasons to sell, and 2) If so, do your reasons to sell need updating?
It's VERY rare that anyone will capture an entire move so I'd say don't even focus on that. Just the process. Good job!
trade was nice but i am not seeing a confirmation for entry on these charts
gap up on earnings. sideways action at the open can be treated like a flag.. More risky hence the 40 shares...
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Another great trade, this sucker was strong today