Shared by
charlesk_BOWS
Stop 24.75
Target 25.2
R:R 1:1
The VWAP was just under 25, so I waited for a cross of 25. The the attack of the market gnome and it immediately dropped more than it had dropped since the start of the day....
But my stop held as again I set it .05c lower than what I though support to be. That add was actually a mistake, I was trying to set a sell limit at 25.2... so it just bought it immediately which turned out to be very close to my original price.
I scaled at the target but again it dropped rapidly right after and stopped me as I moved my stop to my buy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-12 13:57:32 | GOGO | buy | $25.000 | long |
| 2013-11-12 14:33:10 | GOGO | buy | $25.050 | long |
| 2013-11-12 14:38:07 | GOGO | sell | $25.200 | long |
| 2013-11-12 14:45:10 | GOGO | sell | $24.980 | 0 |
Comments
mb_willoughby
I see the setup that you saw. Wasn't a bad shot buying the break of 25. Could have ran end of day. Good job on the risk management on ur sells
markmandy54_BOWS
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This is a second day run. Things usually gets a bit choppy in the afternoon.