Shared by
markmandy54_BOWS
This thing ripped like crazy, waited...and waited patiently for an entry. Started to flag under 7.75 area and waited to see if would bounce, as soon as volume came in and started to run i hit the ask just to get in. Only longed 1/2 position and was looking to add on P/B to 7.75 with a -.10 stop but never got filled. Was already running late for work at this point so took off last minute before running out of the door. Ironically hit my +.25 target and never came back to my entry. If sized in correctly and stuck to my rules (for positive reinforcement sake), this had the potential to be a +$500 trade. Great positive lesson.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-14 11:08:42 | KNDI | buy | $7.850 | long |
| 2013-10-14 11:26:26 | KNDI | sell | $7.950 | 0 |
Comments
kunal00
i chased it ..this was my bad we needed this at 7.7 it wuld hav been greta.
markmandy54_BOWS
This is one of my struggles, is when i am able to stay patient and wait for setup, by the time the confirmation comes, i'm chasing...and if i'm not patient i get in too early. I continually strive to master that as seeing Daniel L's and Chris Z's entries, (and of course yours) it's frickin amazing how precise the bulk majority of entries are. It's amazing to see and builds confidence it can be done if i just get out of my own way.
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I was looking at this one all morning, waiting patiently for that flag entry when suddently a co-worker comes in and couldn't take the trade. FUUUUUU.
Good eye none the less Mark!