IQNT Trade on Jan 21, 2014 11:38 from Brutto_BOWS: Tradervue User Stock Trades.

Gapped up PM and then ran up into a huge resistance area at the 52 wk high. Pulled back into the emas and then bounce up to make a second attempt at the break out. My rule is to only buy a break like this on solid confirmation. I thought I had good confirmation with the price and volume but it didn't go. The bigger mistake was the stop placement. I put the stop under the VWAP which doesn't make any sense. It was outside my max risk to begin with and if I'm buying on confirmation I should have a tight stop because if ti fails at the top there is certainly no reason to wait for it to pull all the way back to who knows where when I can just get out and try again later.