Daily: earnings breakout
Intraday: buy the open
Stock had nice earnings gap and was flagging under $43 during pre-market session. My plan was to buy on a break over $43. It broke out strong after the bell so I jumped in when I felt a bit confident that it would go higher. Stop under $43. I scaled out then got back in. Things were very fast at the open so it's hard to write down the reasons behind every scale in/out decisions but in general I'll get back in a stock if I think it's going higher because of the momentum that I can feel at the time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-25 09:31:34 | STX | buy | $43.340 | long |
2017-01-25 09:33:59 | STX | sell | $44.801 | long |
2017-01-25 09:43:43 | STX | buy | $45.230 | long |
2017-01-25 10:10:04 | STX | sell | $46.130 | 0 |
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