Shared by
RPB3
Stock gaped up and ripped in the morning. Bought it when it looked to pullback and base, looking for another leg up. Did not get the rip back to highs and took it off.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-07-27 09:55:56 | MDGS | buy | $2.600 | long |
| 2016-07-27 10:01:39 | MDGS | sell | $2.480 | 0 |
Comments
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I get what you were trying to do here, I don't mind it. And lately these parabolic runners typically have had secondary pushes in them - this one just went straight up and straight down. Not much to say here other than just a failed trade and chart didn't cooperate. You're very good at staying disciplined and stopping out - so thats a plus. You may be too cautious at times, but that is a good problem to have. Much easier to work with than the opposite of being too aggressive lol. So we'll work on that.
Try to be more vocal in the chat man! Let me know what you are trading so I can help you and talk through these ideas in real time with you as they're happening vs. in hindsight.