Shared by
markmandy54_BOWS
Daily had great bounce after P/B. Looking for Red to Green play. Stop -.12 (under rising 50MA and previous day highs now support). T+.40 (Just under resistance on 30 min). Nice pop up to +.15. Should have taken profits as in review, these Red to Green's are meant to be fast scalps.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-07 09:41:21 | HIMX | buy | $6.970 | long |
| 2013-08-07 10:16:21 | HIMX | sell | $6.890 | 0 |
Comments
markmandy54_BOWS
AnthonyC_BoWS
Mark, looking through your trades over the last few weeks, you are solid most of the time with your entries. That's half the battle! Keep it up
Also, once this sucker broke 6.85 with all major intraday resistance just above, this became a nice entry for an short.
Nape_BOWS
@Markmandy54 yea your entry was on point, just have to be quick to take profits on pops like that. I agree with BenRodts, selling half at $7.05/6 would have been best so you can at least pay yourself for the time you spent watching this stock; then hold rest with stop at buy price.
kunal00
yeah quick trade.. not much u cuodl totally do because this stock totally tanked so that spike was it for that stock its a tricky trader it tends to fade a lot
shindigBOWS
This stock beat me up more than once, I won't play it regardless of set up.
I always miss entry and stopped out with it's retarded volatility, I like quick trades, just a tough mover, those volume bars tell a story alone....
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Great entry but as you mentioned you should have taken profits when you hit the previous high, selling 1/2, around $7.06. After selling half you should move your stop loss to $7.06 and let the rest ride.