I've been anticipating a pullback on this thing for a few days now but it won't go. However, it did have a strong intraday today. In retrospect I would've preferred to take this on the first pullback of the day.
(1st entry)
I took it on a quick pullback to price support with a stop at 21.14. My entry was very early, which was a mistake and I'm glad this didn't turn on me. I added more shares when it seemed to be on the way up, which was also a mistake since I had to adjust my stop to just below my initial buy price. Deservedly, I paid the price for my reckless adding.
(2nd entry)
I re-entered when it bounced. It was a bit of a chase, but I couldn't get filled so I set my limit price higher. I sold early again.
I was OK with my scale out.
Lesson:
Get more sleep. Averaging 4 hours per night finally caught up with me at the end of the week, especially on a choppy market.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-04 12:04:55 | NQ | buy | $21.300 | long |
2013-10-04 12:05:29 | NQ | buy | $21.310 | long |
2013-10-04 12:05:29 | NQ | buy | $21.310 | long |
2013-10-04 12:22:14 | NQ | buy | $21.416 | long |
2013-10-04 12:53:57 | NQ | sell | $21.264 | 0 |
2013-10-04 13:12:59 | NQ | buy | $21.420 | long |
2013-10-04 13:12:59 | NQ | buy | $21.420 | long |
2013-10-04 13:14:14 | NQ | sell | $21.480 | long |
2013-10-04 13:44:16 | NQ | buy | $21.540 | long |
2013-10-04 14:05:27 | NQ | sell | $21.700 | long |
2013-10-04 14:38:35 | NQ | sell | $21.850 | long |
2013-10-04 14:47:19 | NQ | sell | $21.840 | long |
2013-10-04 15:22:22 | NQ | sell | $21.750 | long |
2013-10-04 15:22:22 | NQ | sell | $21.750 | long |
2013-10-04 15:22:22 | NQ | sell | $21.750 | long |
2013-10-04 15:22:22 | NQ | sell | $21.750 | 0 |
2013-10-04 15:22:57 | NQ | sell | $21.670 | short |
2013-10-04 15:22:57 | NQ | sell | $21.670 | short |
2013-10-04 15:22:57 | NQ | sell | $21.670 | short |
2013-10-04 15:23:37 | NQ | sell | $21.674 | short |
2013-10-04 15:23:50 | NQ | sell | $21.679 | short |
2013-10-04 15:28:42 | NQ | buy | $21.740 | short |
2013-10-04 15:28:42 | NQ | buy | $21.740 | short |
2013-10-04 15:28:42 | NQ | buy | $21.740 | short |
2013-10-04 15:28:42 | NQ | buy | $21.740 | 0 |
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Killer entry.