Shared by
mbarattino_BOWS
bought within flag for an afternoon breakout, stopped out when it broke below its MAs
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-31 13:09:05 | SGI | buy | $15.610 | long |
| 2013-05-31 13:09:08 | SGI | buy | $15.610 | long |
| 2013-05-31 13:09:08 | SGI | buy | $15.610 | long |
| 2013-05-31 13:09:08 | SGI | buy | $15.610 | long |
| 2013-05-31 13:10:40 | SGI | sell | $15.530 | long |
| 2013-05-31 13:10:40 | SGI | sell | $15.520 | 0 |
Comments
mbarattino_BOWS
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Ahhh this was a tricky one. Some indicators you can check on to gauge probability on these: check out the volume spike at like 11:40ish and how that candle was very indecisive...it broke up, then down and then closed in the middle. Then another volume spike just after noon that didn't move the price at all. These are all indicators that the stock is in a mode of "I don't know WTF I'm doing" so you don't wanna anticipate it. Wait for a big volume spike and confirmation of break of the HOD, or leave it alone. In the long run, doing that on these types of trades will save you a ton of money on annoying small losses like this that eat up your account and serve no purpose other than to piss you off lol