Alert triggered as moved above highs. Intraday great flat top however i chased entry therefore using a wider stop and smaller position. Stop -.80, Target +1.25, +2. Moved up over +.70 and didn't book any gains. 30 min extended so moved stop to B/E and got hit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-05 10:40:36 | KORS | buy | $79.080 | long |
2013-11-05 10:59:30 | KORS | sell | $79.150 | 0 |
Chased it, no setup there. Ideal entry point was couple of candles before.
In review the daily does seem very sloppy and i should not have rationalized the flag intraday below 79 was the place to get long for the big move. Too extended from that bounce off 74 several days prior. Thank you Sayad and Mirko for the feedback. It helps me refine and learn.
You are welcome mate, that's why we are all here. We are all in this together and should help each other along the way as much as we can!
Got to get er at the flag break. The vol perk up was one cue that looked good.
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Not much setup there, just chase.