Jumped in on the triple tap flat top breakout with a stop at the previous low. Finally stopped at 20.50. in hindsight I think I should have waited for the confirmation it was going to hold the breakout before buying. Once the confirmation is there then the stop is right below the breakout instead of way down the price like I had it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-01 14:53:00 | AMBA | buy | $20.860 | long |
2013-10-01 15:21:00 | AMBA | sell | $20.512 | 0 |
Do you mean I should have been closer to the 20.8 exact breakout? what about my theory of waiting for the pullback and bounce to confirm?
easy money was already over with, so i would have entered around .75ish with a stop at .70 to limit risk if was going to play triple tap... but you almost had it.. it wasnt a bad attempt by any means imo.
ah ok. so enter in actually before the break, anticipating it, and then selling off after the initial punch through. interesting. ok.
this stock already made a move the odds of a stock ripping 10-20% with no pr or no catalysts are very small. the technical move was made and the action was great in the morning.. fightitng for screaps by the end.
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