AAOI Trade on Mar 16, 2017 10:42 from JIP_BOWS: Tradervue User Stock Trades.

AAOI was pulling back nicely on low volume after a big run. It was on watch for a 20 ma bounce and has a history of honoring its 20 ma. I entered for the 20 ma bounce as a swing trade with a stop at $47.10. I could have gotten a better entry after seeing it bounce but I was looking for confirmation. I could have played this a little better by entering as it broke resistance at $47.40-47.50 area and position sized better because of that. Instead I bought at resistance after it bounced off 20 ma.

I've been trying to hold my swing positions longer as in the past I've sold too early, leaving money on the table. After being up quite a bit on this trade I moved my stop up to lock in some gains. I got burned by the big down day in the market and stopped out at $49.

After trade thoughts: I wonder if I moved my stop up too early but then it looks like I would have been stopped out regardless.