This was on my list as a snapback long. It had an ORB but I let it prove it could break the previous day's consolidation before committing.
Entry: 42.90 (42.88 actual)
Stop: 42.70
Target: 43.30
It had a strong runup but not near my target before rolling over. Since it had no real pullbacks I hadn't felt comfortable raising my stop. When I saw volume coming in as it broke the 20ema, I finally pulled the plug for a small gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-04 09:39:09 | CPB | buy | $42.880 | long |
2013-09-04 10:54:59 | CPB | sell | $42.950 | 0 |
I think you should have taken half off at $43.15 with it being so extended.
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Nice job.