Assumption:
Beautiful PB to 20dma
Play:
Bought on intraday flag. Expected it to breakout when it passes 11.00.
Outcomes:
Went hard. Scaled out as it went up 20 cents. Didn't watch closely and it fell quite a bit. I sold off just before it hit my buy price.
Lessons and Mistakes:
Watch more closely. It appeared to be flagging intraday so I let it develop. However, it fell and broke several levels of support. I could've set my stop at the first target to protect my profits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-05 10:59:08 | SSH | buy | $10.920 | long |
2013-09-05 10:59:32 | SSH | buy | $10.900 | long |
2013-09-05 11:00:44 | SSH | buy | $10.910 | long |
2013-09-05 11:13:08 | SSH | sell | $11.200 | long |
2013-09-05 11:22:29 | SSH | sell | $11.370 | long |
2013-09-05 12:20:15 | SSH | sell | $11.051 | 0 |
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Nice buy in pattern, nice selling too. Nailed it!