SANM Trade on Jun 22, 2016 09:32 from MAllum_BOWS: Tradervue User Stock Trades.

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MAllum_BOWS

 

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


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