Shared by
TheCAG_BOWS
This was my attempt at a swing and I screwed it up by forgetting to update my Stop.
The stock ran all at way up to $1.94. And my only excuse is that I simply forgot.
Lesson learned. Now there is a sticky note attached to my monitor as a reminder.
Entry $1.79
Exit $1.85
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-08 13:13:22 | ARTX | buy | $1.790 | long |
| 2013-10-08 14:08:38 | ARTX | buy | $1.790 | long |
| 2013-10-08 14:08:39 | ARTX | buy | $1.790 | long |
| 2013-10-08 14:12:44 | ARTX | buy | $1.790 | long |
| 2013-10-11 09:31:42 | ARTX | sell | $1.850 | long |
| 2013-10-11 09:31:42 | ARTX | sell | $1.850 | 0 |
Comments
bethomas47_BOWS
BenRodts_BOWS
Agree. I try to pass these stocks up when I see them.
Gena_BOWS
On the daily, Oct 8th looked like it below the 20dma, and therefore the next support level would be the price support of 1.75 (several days in a row and for a long time, the lows were $1.75). You bought it under the 20dma, which is risky - there is a higher probability then that it will drop more, down to 1.75 or so. Would have waited until closer to 1.75 to get in, in this case. OR, waited until it solidly held above the 20ma to show that it had likely bottomed there. Glad it did work out in the end however!
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These are tuff to trade for me.