Gain $191.40
Entered on pulback of opening gain, scaled out decently
Still having tough time with exit targets on break outs
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-26 09:36:00 | PRAN | buy | $6.209 | long |
2013-08-26 09:42:00 | PRAN | sell | $6.360 | long |
2013-08-26 09:47:00 | PRAN | sell | $6.440 | 0 |
This one I was watching and patient for a $6.20 break off the pull back, scale out was decent, first had a little more juice, sold first at $6.35, top of first run.
Im not seeing the pattern to get long? I see it holding 6.10 but kept spiking up and back. What gave you the conviction to get long there?
I wanted it to break the $6.10 from yesterday's EOD pull back.
The long wicks on that candle I bought in were fast, I started entering my order at $6.10, filled at $6.20.
It has been a momentum stock for a good month, was going off that and positive volume.
It's tough making 5 trades on opening break outs, I would have to buy all pre market to get my orders filled on the break out and that has been deadly for me.
Less of a set up than momentum trade
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Nice!