Shared by
oly_BOWS
This hurts. I had BIP on my list of snapbacks and a note to get in at 34.50. This one exploded through 34.50 at the open and ran all day. I should have banked $400 as a scalp or even held it til I had to sleep, which would have been $1k. If I could have held it all day, raising the stop along the pullbacks, it would have been $1700.
My results? -$160. I missed the break and jumped in later off a really ugly looking 9ema "pullback" which immediately folded.
On the plus side, I am doing a good job screening for snapbacks.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-30 11:29:41 | BIP | buy | $34.960 | long |
| 2013-08-30 11:39:20 | BIP | sell | $34.880 | 0 |
Comments
markmandy54_BOWS
Hard catching these types off the open as by the time the alert triggers it's already running. Your buy looks fine off of your setup of 20MA bounce, just didn't bounce. Nice stop on loss of MA. I'm curious to what the percentage of bounces run vs. roll over on this type of play since you play it so often.
kunal00
this type of way to analyze ur trades is to negative. Focus in on what happened. Why you missed it. What you can do in the future so that you dont miss it ie what adjustments to make. Then a plan of action to implement it.
kunal00
focus on ur process. process process process. make sure that every detail of ur process is mastered and answered.
Even though you're talking to Oly it mind as well be me. Great advice that holds true to my review methods. Thanks for the lessons Kunal.
oly_BOWS
Yeah you're right - just beating myself up that I had such a great pick and I wasted an opportunity. I'll make sure I have all my r2g setups visible pre-open from now on and have orders queued for speedy entry.
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That $34.45ish level at the open was the easy money. Whoa what a nice pop!