Shared by
charlesk_BOWS
that was a pretty ugly flag is was breaking out on, but it looks good to me so I took it. small stock low risk, scaled some, pulled the stop up and then it came right back down.. I could have re-entered shortly after I was stopped out but I hate this stock.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-14 11:39:00 | FU | buy | $6.348 | long |
| 2013-10-14 11:45:00 | FU | sell | $6.450 | long |
| 2013-10-14 12:04:00 | FU | sell | $6.352 | 0 |
Comments
kunal00
WE SOld it on suupport i knew it 2 seconds after the sell it was gonna explode from there oye..need to watch my chart closer
charlesk_BOWS
So can a lesson learned here be that even if you scale and move the stop loss up to your original buy, if the price pulls back to the stop but is still on support, maybe we reconsider the stop and hold off for confirmation of breaking down support before bailing?
kunal00
yes sir. there is a tad gray area.. so if ur buy is 6.31 and support is say 6.27 its counterproductive to put it right at ur buyprice at that point u need to make a judgement call and put it under the support as long as support wont completely bust ur trade.
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Nice, you bought closer to the base on this one.