stop 27.43
target 28
R;R 1:2
IT was late in the day and I moved to the 1-minute chart watching $TWTR. I forgot I had done this when this thing popped so I was looking at a 2 min and thinking i was on the 5. my second scale was a knee jerk thinking it was going to come right back down.. I had to reason to sell...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-21 14:45:38 | GOGO | buy | $27.650 | long |
2013-11-21 15:14:02 | GOGO | sell | $28.030 | long |
2013-11-21 15:14:44 | GOGO | sell | $28.420 | 0 |
man I had 1000 shares in a swing account from yesterday at 26.35. like an idiot, when it gapped up this morning I pulled my stop up to under 27.5 as I was going to be gone all mid day, hadn't scaled and didn't want to give anything back... so I got stopped out in the consolidation or would have been up $3000!!! I'm such a puss with stop losses.. my main issue I have to work on.
Little bit of a chase. Your entry should've been when the 9ema and 20ema pinched together @ 3:10pm. Other indicator was the volume.
Get in the habit of selling a 1/4. so you should've sold 50 shares @ 28.50. Then let the last 50 shares ride, maybe even hold them overnight. On this stock it would've been an extra 50 bucks. 40% more P&L.
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Nice.