Shared by
Boston
I liked this stock because it was breaking out on the daily chart with a lot of momentum the day before. My first entry was horrible though because I didn't let it consolidate first. I was longing into resistance basically which was HOD and the stock was over-extended at this point. So when it started pulling back, I got out for a small loss.
I then let it consolidate, which I should have done originally and then scaled in when this started breaking over the HOD. I really thought this was going to have the power to break $26.00, but it didn't at first. It broke back down under the breakout point and I was forced to stop out. This was a good trade even though it was a loss. The first try on this was unnecessary though.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-26 09:45:29 | RICE | buy | $25.890 | long |
| 2017-06-26 09:46:24 | RICE | sell | $25.790 | 0 |
| 2017-06-26 09:51:46 | RICE | buy | $25.930 | long |
| 2017-06-26 09:51:59 | RICE | buy | $25.930 | long |
| 2017-06-26 09:53:47 | RICE | buy | $25.920 | long |
| 2017-06-26 09:57:18 | RICE | buy | $25.970 | long |
| 2017-06-26 10:00:43 | RICE | sell | $25.845 | 0 |
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