Shared by
jmoscate_BOWS
Play: Flagging/Break of trend line - 100 shares
Mistakes: Entered too early once again. Only had 100 shares so sold off all at once. I was much more patient compare to yesterday where I would have just sold it for nothing. I still could should have kept maybe 25 stocks for longer run up.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-07 10:56:14 | CTRP | buy | $46.080 | long |
| 2014-01-07 11:33:16 | CTRP | sell | $46.280 | 0 |
Comments
jmoscate_BOWS
2014-01-08 07:06:23
You are right. I need to get get good habits even if its just 100 shares, 50 shares or what not.
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Yep, you entered it a bit too early but it wasn't a bad thing since this stock held the support and started to get higher lows and coil up so it looked like it was just a matter of time when it will break out.
Although you had only 100 shares you still could scale out i.e. in thirds depending on you risk to reward. The first third where your exit was then the second at the hod and left the last one for the ride afterwards. But easier sad then done, I know :)