Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-24 11:56:31 | JKS | buy | $25.580 | long |
2013-10-24 12:16:57 | JKS | sell | $25.840 | long |
2013-10-24 13:00:40 | JKS | buy | $26.130 | long |
2013-10-24 13:14:55 | JKS | sell | $25.980 | long |
2013-10-24 13:14:55 | JKS | sell | $25.980 | 0 |
Nape_BOWS: 2nd entry was break of flag. Tanked on next candle. So you think I should have moved the stop up instead of taking partial profits? Thought Kunal wanted us to focus on setting initial target at prior resistance (e.g. prior high). If so, how do I know when it's best to bump up the stop or take partial profit (if ignoring prior resistance)? Thanks again for the review. BTW: Which class were you in?
Yea I think you should have move your stop to $28.80.. When stock is no longer making higher highs and higher lows, it's time to take profits.
I was in the December bootcamp last year.
I think you meant 26.20 (it's high) but it definitely makes sense. Kunal always mentions taking profits into the spike and I guess that was stuck in my mind. Would enjoy talking with you briefly offline regarding trading in the group if you have a couple of minutes in the not too distant future. My email address is mgm0901 at gmail dot com
I meant $25.80, then once it broke over $26.00 round number I would have raised my stop to $25.99.
You can hit me up: nape915@gmail.com
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1st trade entry was good, no reason to sell though.
2nd trade not seeing setup.