Shared by
johnc_BOWS
Broke out of 78.40 range (has been tapping for the 4th time now. Set stop at 77.95. Accidentally set the wrong stop. Re-entered on pullback.
In hindsight, I should've waited for it too coil a bit more and tap that 78.40 area after forming a higher base. At the area where I entered, it had just pulled back and that big green candle needed to come up about 60-70 cents. It didn't have enough gas.
I should've waited a few minutes after me entry after it formed that base. The dips got bought, Z didn't break support, and it ended up popping up for a quick scalp. At 200 shares with at stop below 78.00, I could've taken this all the way up to that pull back for at least $100.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-08 14:32:47 | Z | buy | $78.500 | long |
| 2013-10-08 14:32:47 | Z | buy | $78.500 | long |
| 2013-10-08 14:47:45 | Z | sell | $78.100 | long |
| 2013-10-08 14:47:55 | Z | sell | $78.170 | 0 |
| 2013-10-08 14:49:01 | Z | buy | $78.400 | long |
| 2013-10-08 14:49:01 | Z | buy | $78.400 | long |
| 2013-10-08 14:51:11 | Z | sell | $78.090 | long |
| 2013-10-08 14:51:13 | Z | sell | $78.030 | 0 |
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Chased a bit but sloppy intraday