Shared by
jfield001_BOWS
Failed 1st pullback buy. Went wrong with selection of this stock for this specific setup. "A momentum stock that has a strong run in the morning..." This wasn't gapping up nor did it have a strong run. The strong move upward pulls the 9EMA up, then the orderly pullback reaches the 9EMA or Bone Zone for support. The 9EMA was horizontal, there was no move. Need to be more selective as well as patient for the setup to appear and not force it.
- No named pattern on daily, no strong move or PR/earnings
- Vol - yes
- Moving with MA's? - No MA's flat
- Trending? no
- J/S? Risk was relatively tight, entry close to 9 EMA, just not a set up
Grade: F
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-05-16 09:47:00 | MARA | buy | $20.220 | long |
| 2024-05-16 09:51:00 | MARA | sell | $19.910 | long |
| 2024-05-16 09:57:00 | MARA | sell | $19.980 | 0 |
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