Shared by
RPB3
Traded this name terrible. Literally sold the bottom twice. Initial buy was a good entry, bought on the morning consolidation and flag break. Sold the first half into the spike. Second half had a stop at my buy price. Since my first sell was close to my buy price I should have kept my stop at its original spot.
The second entry, it looked like it was flagging again so I entered and got scared out and sold it right on support. Again need to respect support levels and my stop loss price instead of getting scared out when the stock goes against me for a few pennies.
Overall I have the right idea and entries but did not follow my plan on stop and exits. Could have been a good trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-08-30 11:28:47 | RIGL | buy | $3.690 | long |
| 2016-08-30 11:30:59 | RIGL | sell | $3.780 | long |
| 2016-08-30 11:35:21 | RIGL | sell | $3.660 | 0 |
| 2016-08-30 11:46:33 | RIGL | buy | $3.760 | long |
| 2016-08-30 11:57:56 | RIGL | sell | $3.680 | 0 |
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