Shared by
oly_BOWS
I was watching SPLK as a gap up but had other trades on and didn't want to push too many simultaneously. So, I missed the initial 2 flags and took the third entry. I should skip anything that has had such a string move and setups already - or wait for a day-long consolidation.
When it didn't follow through on the breakout I decided to get out for a small profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-22 10:59:37 | SPLK | buy | $74.510 | long |
| 2013-11-22 11:10:15 | SPLK | sell | $74.640 | 0 |
Comments
markmandy54_BOWS
oly_BOWS
2013-11-24 07:25:01
Stop was 73.97 so I botched the sizing, normally I shoot for $200 at risk and this put it at $300.
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Nice trade and nice exit when it didn't break, as the volume didn't come in
I wouldve switch to a short, looking for it to break the 9ema. (Reason: no volume to push it higher, stock is extended, getting close to lunch time)
I see you took a good amount of share on this trade (for a new trader). What was your stop?