Shared by
markmandy54_BOWS
Intraday flag, bought a little early but sat in it as held support. Stop -.30, Target +.30, +.60. Was going to take 1/2 off at intraday high but all sold??? Anyways would have gotten stopped at B/E on the P/B to support. That was the money entry on the P/B to support.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-28 10:35:34 | KORS | buy | $71.310 | long |
| 2013-08-28 11:00:28 | KORS | sell | $71.530 | 0 |
Comments
markmandy54_BOWS
Really? I thought the entry was right at the B/O point. Are you suggesting to buy when still in the pattern with no confirmation? This is what i'm trying to work on as i struggle with telling the difference. Thank you for the feedback.
Patti-Garland
I prefer to buy on that pull back because I can set a tighter stop and buy more shares ... then the pattern becomes the break of the flag ... at that point it would have tested the 9 ema and the vwap and it gave higher lows, good signs ... the break of the flag had nice confirmation with the 9 also crossing up over the 20 at that point
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you chased the price at that point, better to have waited for it to settle down and pull back and flag ... right around 71.13 where the 9 crossed up over the 20 gave you nice support with low risk, and could have kept you in when it dipped around 11:10 am, and possibly added more shares