Shared by
bethomas47_BOWS
I thought this might be a flattop break.
I added Bollinger bands to the Daily and this stock opened out of the BB so too much of a chance for red.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-24 10:15:13 | AKRX | buy | $27.800 | long |
| 2014-02-24 10:20:27 | AKRX | sell | $27.700 | 0 |
Comments
kunal00
the good thing is ur risk mangement is so good so instead of losing 5k in a day or 2 like maribeth would ..it will take you 6 months and buy you time to get ur feel for who u are and what u want to do
bethomas47_BOWS
Kunal, my mistake was not looking at the daily chart at all. In my review I realized that it was of of the BB on the daily chart.
I agree that I shouldn't be making a trade like this with all that I have learned but I made a mistake today.
If you have a chance, look back at my trades from this month and you can see that they are much better than represented here.
Oh, I understand what you meant in you comment above.
No, no, no I didn't think this was a flat-top based on the daily chart.
I meant to say tap, tap, tap on resistance above.
However, I did not look at the daily as I should have. Boo, hiss
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dont see any flat tops here or even playable patterns.
after this long in class u should know what a good daily chart looks like. and u def should know the 1 tenet of eveyrthing that we do is based on bases/consoldaitons/ and where stocks get there power.
there is no where in the handbook that says buy stocks after 17 green days and ur going to keep buying breakouts.
u need to think and write down what ur doing before u do it. life is wayyyy to short to be making this type of mistake when u actually have the knowledge and skills to be doing things correctly. ur too smart for this type of trade.