STZ put in a very nice complex consolidation pattern, which I entered on the 3rd of April. I had my stop at 159.8 and my target at 165.88 (the recent pivot high). The markets had just closed on the 3rd when I checked yahoo finance and saw that STZ was due to release earnings sometime that week. So instead of getting out of the position, I realized that, when I backtested this setup, it didn't take earnings into account, so I shouldn't either... right? I guess it worked this time but I think that in the future I should only take on half risk if there's an expected earnings release.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-03 15:45:04 | STZ | buy | $161.750 | long |
2017-04-06 09:30:36 | STZ | sell | $170.000 | 0 |
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