breakout on the daily. I had this on my watchlist and was debating on entering it. I ended up choosing another stock over this one and when it took off I regretted my choice. I continued to watch it hoping for another opportunity to enter because it was clearly hot!
My entry wasn't as close to the ema's as it should be which is why my stop wasn't the greatest. it would have need to be under the 9 ema/102.35 which I wasn't comfortable with. So I set a stop above it and was stopped out probably because I didn't use the 9 ema for protection.
I rentered when the flag that was forming before finally broke, but because of all the bad trading I had already done, I didn't have the mental capital to hold on threw the price fluctuations so I exited out of what turned out the be a good trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-14 10:23:34 | IRBT | buy | $102.990 | long |
2017-06-14 10:26:34 | IRBT | sell | $102.570 | 0 |
2017-06-14 10:46:53 | IRBT | buy | $103.200 | long |
2017-06-14 10:58:01 | IRBT | sell | $103.200 | 0 |
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