I suck at breakouts! I had the same problem when I was in a winning short. That is, not giving them any room to breathe. I tighten my stops too early taking me out of the trade on the pullbacks. I will apply the same rule to breakouts as I do with my shorts. Lock in partial then move the stop to break even only when +.50c - 1.00+ on the trade.
+.22c
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-23 09:33:00 | SBUX | buy | $59.070 | long |
2013-04-23 09:42:00 | SBUX | sell | $59.290 | 0 |
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