Shared by
Aquitas07
Bought 1000 shares @ 8.75. Daily showed flat top and was starting to show strength moving above all moving averages. scaled out 500 @ 8.88 bc daily had resistance at 8.91. Scaled another 250 @ 8.98 again because I thought 9$ would be another key level of resistance. Let the last 250 ride and covered @ 9.15 as the stock started to pullback as it was extended and needed a rest.
Profit: 225.50
Mistakes:
I made a huge mistake of only buying 1000 shares. I was unprepared and had 1000 as default in montage and clicked buy without adjusting. I had a very small stop loss, the stock formed a very long solid base close to moving averages, and its low volatility and low risk right next to support. I should of bought atleast 2500 shares and would of made my scaling out more bang for the buck.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-12 09:39:31 | SUNE | buy | $8.750 | long |
| 2013-07-12 09:52:02 | SUNE | sell | $8.880 | long |
| 2013-07-12 09:52:02 | SUNE | sell | $8.880 | long |
| 2013-07-12 09:52:02 | SUNE | sell | $8.880 | long |
| 2013-07-12 09:52:02 | SUNE | sell | $8.880 | long |
| 2013-07-12 09:52:02 | SUNE | sell | $8.880 | long |
| 2013-07-12 09:55:57 | SUNE | sell | $8.980 | long |
| 2013-07-12 11:08:49 | SUNE | sell | $9.150 | 0 |
Comments
JoJoTrades
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good trade. thats a nice gain. u dont need 2500 shares.u shouldnt try to match my amount of shares as my accounts are going to much larger then most people.