rfe: range breakdown, s90.4 r88, sto 19, bows chatter
stop 91.25
target 88.00
concerns: 1tfta, no breakdown
caught the bounce, stayed in too long. should have sold @ 89.3
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-04 14:11:32 | KORS | sell | $90.060 | short |
2014-02-04 14:33:13 | KORS | buy | $90.200 | 0 |
Damn D, this is a great entry. You know that you held too long... here are my thoughts: You got in at a great time, very little risk (MAs overtop, about $0.15 cent risk) and it just broke through the last price support until 89.80, which is $0.26. I know it's not 2:1, but it's close, and selling a piece into that resistance means you're playing with a winning trade at that point. If it dips below, you'll hit your 2:1 ratio or more, if it rebounds, you've made a quick profit. Food for thought. Just wanted to give you some extra thoughts cause I know you're having a tough time and I want to help out if I can. Keep it up D!
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great trade . worth the shot