Stock gapped up PM. Trying to by the breakout of the opening range. Just a little too early on this one and the second attempt I made a few minutes later and was whipped out. I bought too close to the breakout spot instead of closer to the pullback point which caused me to make my stop just a bit too tight. Had I bought closer to the pull back area around $5.12 or so I could have had the same risk level but with a lower stop. Or just accept a larger stop and leg in with less shares. I caught it on the third attempt and made the money back in the end but it was a good lesson on patience and pull backs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-17 09:39:56 | CAMT | buy | $5.200 | long |
2014-01-17 09:41:25 | CAMT | sell | $5.120 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!