Shared by
leadinggroup_BOWS
Buy In @ 17.11
Stop set @ 16.69
1st Target set @ 17.40
Y = Stock gaped up in the morning came back to the 9EMA and held. Thought it was going to bounce at this point.
Could not tell what direction it was going to go in. Probably should have waited for the bounce to occur prior to entering into the trade. Don't know.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-09-19 09:37:43 | GOGO | buy | $17.100 | long |
| 2013-09-19 09:37:43 | GOGO | buy | $17.100 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.950 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.975 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.975 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.950 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.950 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.950 | long |
| 2013-09-19 09:39:19 | GOGO | sell | $16.950 | 0 |
Comments
kunal00
also what setup in the textbook do have for a stock that goes from 10 to 17 dollars without a rest?? what kind of awesome breakout chart is that? what is the name of that setup? on the daily
markmandy54_BOWS
Patti-Garland
yeah it was the daily that kept me away ... a better set up on the intraday was around 12:10 with a flag and triple tap with a buy at 17.28, stop around 17.10 ... but a close eye on it because it was so extended on the daily ... you could have gotten 50 - 70 cents
Patti-Garland
if you can't tell which direction it's going to go, don't take the trade ... have a conviction going into a trade, it may go against you so you stop out, but go into a trade with a plan
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come on now..show me what page in the textbook that intreday setup was?????????