Didn't like the daily but intraday nice flag setup and volume pouring in. Stop -.03 so was able to hit with size, Target +.04, +.07, +.20, +.30. Once took off some on the initial run up, kept trailing stop and got hit on last. Looked to re-enter on P/B back didn't pull trigger on 20MA around 3.26 and it's ripping now. Dope!!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-24 10:09:10 | ARIA | buy | $3.240 | long |
2013-10-24 10:17:14 | ARIA | sell | $3.280 | long |
2013-10-24 10:25:22 | ARIA | sell | $3.310 | long |
2013-10-24 10:45:45 | ARIA | sell | $3.290 | 0 |
Very nice entry. Probably could have waited a bit to sell off those first shares... and got rid of the last more into the spike. But still a nice play!
Nice
mark how do you handle those wicks? i hate them! ive started not setting physical stops but mental ones so i dont get wicked out. so far it seems to be working ok. have to stay disciplined though.
Not sure what you mean Mike. If u get stopped on a wick shakeout and it goes back up, reenter.
How do you justify a .03 stop on this thing? even on the 2 min chart you needed at least .05-.07 to make it high probability. Nice that it worked but your r/r doesn't look too pretty on this one, to me.
I could be wrong but thought process was the B/O over the intraday high on volume, thought if rolled over would drop more and would just want to get out and re-assess, but if it were to go it would go.
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Nice entry!!! It might see an intraday base breakout later today