Shared by
bethomas47_BOWS
Reasons to Buy:
1. Broke out of intraday flag
2. Expanding volume
3. Good PR this morning
Bought 1000 shares and it had already popped .20 and turned back down again before I knew it.
I had a mental stop at $3.37 but didn't act on it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-09-17 09:51:56 | AGEN | buy | $3.470 | long |
| 2013-09-17 11:33:36 | AGEN | sell | $3.330 | 0 |
Comments
justduit_BOWS
Anytime I'm in a LONG extended green candle like that, I sell partial into the spike. I might have less shares afterwards, but if the stock goes back down, I'm able to confidently increase my stop (due to the earlier profit taking) and trade more aggressively without losing money.
Ahhh.,.. that mental stop. I have issues with my own mental stops, they don't always work out the way I set them. LOL
kunal00
oh snap u let this come down to 3.19 from 3.47 .. turned dwn before u knew it! u sold hours after ur buy!!!
kunal00
you check the daily..big resitance too in the 3.60 zone
kunal00
what constitutes a good pr? how do u know its good?
rrace11_BOWS
The mental stop got me too this morning. I actually cancelled a stop I had set in lieu of the mental stop and it cost me hundreds of dollars. Looks like you held on hoping it was going to have a stronger bounce off the 20 ema.
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Nice buy on break above consol area. Had a nice gain on that rip before rolled over. I would suggest no mental stops as you know how to sweet talk yourself out of it.