had been looking to get involved in this stock all day. was pretty patient and found an entry point that made sense to me. target around 62.50 but broke trenline so I covered. happy with how I traded this- kept real outs- was patient enough and didnt chase.
great LT setup below LT support-
missed a nice entry in the premarket 88.50-
large gap down below AH and PM support.
perhaps could have been a bit more aggressive getting stock on pullbacks to levels on the open and giving it 20 cents risk but this was a tough stock- stuck with it and was positioned for the next down leg if it came.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-24 10:50:20 | EW | sell | $64.600 | short |
2013-04-24 10:54:52 | EW | buy | $64.770 | 0 |
2013-04-24 10:56:33 | EW | sell | $64.680 | short |
2013-04-24 12:56:32 | EW | buy | $63.860 | 0 |
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