SANW had been a nice up-trender, pulled back a little. Had a Doji on the daily chart yesterday with a longer lower shadow bouncing of the 20MA. Pre-market it maintained up motion. So I got in right at the open to test my observation that when a stock is moving in one direction and it shows the same movement or is flat pre-market that it usually continues in the same direction that it was moving the day before.
Unfortunately I did not do proper position-sizing so I got a really nice move up but didn't maximise it with share size. Scaled out half. Then since I made profit I let myself increase my position size and I added to 1000 shares, as it was holding above the VWAP. Got stopped out of all the rest of my position when it put in the shooting star. Then I changed stocks.
In hindsight, I should have remembered the quick pullback buy play and that it could bounce off the 9MA, which it did but I was out of the stock already and didn't want to get caught by FOMO.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-06-22 09:32:20 | SANM | buy | $27.630 | long |
2016-06-22 09:39:17 | SANM | sell | $27.840 | long |
2016-06-22 09:56:43 | SANM | buy | $27.900 | long |
2016-06-22 10:01:58 | SANM | sell | $27.800 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!