Seems like every day there's a stock that really gets me. Today it was CNAT. The stock was +4.45 on the day, but I managed to go $-362 on three trades.
Gapper. First buy was on a 3-candle morning flag as it broke through 20EMA. Missed selling into the spike because I was looking at other stocks -- the morning is so busy! Is there a way to set a sell order in the future? Like, "if this hits x, sell y shares." Anybody know? I find that I'm often looking away and miss selling into spikes because they happen in a hot minute. Stopped out to the penny again, on the lowest point of the next candle.
Next entry was in the flag. Re-upped two candles later as volume diminished in the flag. Stopped out as it broke below 9 EMA.
Final entry before I removed the stock from my vision was after the stock broke above the 9EMA. This was a bad entry. No volume support, no real setup (though I convinced myself it was a sloppy flag. Shaken out next candle.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-10 09:46:23 | CNAT | buy | $12.760 | long |
2014-01-10 09:59:52 | CNAT | sell | $12.570 | 0 |
2014-01-10 10:39:45 | CNAT | buy | $14.170 | long |
2014-01-10 10:47:59 | CNAT | buy | $14.230 | long |
2014-01-10 10:49:09 | CNAT | sell | $13.900 | 0 |
2014-01-10 11:14:19 | CNAT | buy | $14.090 | long |
2014-01-10 11:18:06 | CNAT | sell | $13.790 | 0 |
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