I took this as a continuation of the pullback bounce on the daily chart. It gapped up and had strong volume in the morning. The dips were immediately getting bought and it appeared to flag. I bought it without confirmation and set a stop below the lowest wick of the flag base.
I was happy with the sale of my first 1/2. My setups are improving more and more each day, but I continue to struggle with my tendency to exit at support. I get anxious when I see big red candles because I feel like a bear flag may be forming. I also don't like to set my buy price at the stop price sometimes because I feel like I'm losing out on profits.
In order to get over this, I should set a trailing stop at a support level above the buy price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-30 09:52:21 | RMTI | buy | $11.190 | long |
2013-09-30 09:52:22 | RMTI | buy | $11.170 | long |
2013-09-30 10:00:52 | RMTI | sell | $11.480 | long |
2013-09-30 10:00:52 | RMTI | sell | $11.480 | long |
2013-09-30 10:00:52 | RMTI | sell | $11.480 | long |
2013-09-30 10:45:53 | RMTI | sell | $11.810 | long |
2013-09-30 10:45:53 | RMTI | sell | $11.810 | long |
2013-09-30 11:37:07 | RMTI | sell | $11.700 | 0 |
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