Shared by
jmos_BOWS
Play: Parabolic
Stock went parabolic, heavy stock so didn't think it could go much further. Put in a feeler then added too fast my second one. Bad discipline on second entry, should have waited longer and then add full size. I got stuck but showed good patience, didn't cover at top and waited for the pb. When it consolidated at 3.8, i thought of covering for small loss but it was either going to consolidate for next leg higher or break down. It held and started going so i got out. Good patience on this one, as I would have covered the top a few months back, was patient for a trend to form but never did (well to the down side).
Reasons to sell:held support and started going
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-16 09:58:04 | GRPN | sell | $3.710 | short |
| 2016-02-16 09:59:12 | GRPN | sell | $3.780 | short |
| 2016-02-16 10:12:41 | GRPN | buy | $3.850 | 0 |
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