Shared by
JamesDover_BOWS
Hasbro exceeded earnings and it was up to all time high's premarket. It showed weakness out of the gate so I waited for the pullback. When a green candle held I longed it with my stop right below $85. Low risk, high reward setup. I wish I held the second half a little longer, but I was playing my P&L by that time. I needed to lock in some gains to break my losing streak from last week. The key on these is to wait for a candle to hold so that way you can measure risk and have confirmation of the setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-18 09:59:48 | HAS | buy | $85.280 | long |
| 2016-04-18 10:08:35 | HAS | sell | $85.950 | long |
| 2016-04-18 10:23:34 | HAS | sell | $86.090 | 0 |
Comments
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Nice entry. It appears your first exit reason was due to VWAP resistance. You already said you were playing your P&L a bit on the 2nd exit, but these are the kinds of things that make a diffference long term. My suggestion is to force yourself to save some shares.. even just a couple if you have to go that low, to get accustomed emotionally to holding for your exit rules. Following your rules is a habit, and I totally get you wanted to recover from last week by "locking in profits". Just suggesting a way to get used to holding longer, if it helps.