Shared by
Brutto_BOWS
Stock broke out big at the open and showed strength despite the market. Tried to but the pull back to the 9ema but it needed to pull back much further. The first problem was that I was looking for it to hold and then break a big congestion area on the daily. My rule on those is to wait for confirmation of such a big breakout or buy when it's fully pulled back. Second problem was that I should have sold as soon as it crossed the 9 ema. Third was that my R/R was way off.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-21 10:34:12 | TASR | buy | $18.500 | long |
| 2014-01-21 10:40:13 | TASR | buy | $18.500 | long |
| 2014-01-21 10:52:10 | TASR | sell | $18.280 | 0 |
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