Great intraday pattern of testing flat top B/D. Stop -.40, Target +1, +2. Got filled on spike +1 and missed fill on rest by a little. Moved stop up and got hit on rest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-05 10:41:58 | FEYE | sell | $66.100 | short |
2014-02-05 10:47:03 | FEYE | buy | $65.100 | short |
2014-02-05 10:57:59 | FEYE | buy | $65.600 | 0 |
pretty entry. great first exit at daily chart price support area! In this choppy market past week or so, I tend not to scale as much, but take my full profits (or if I do scale, I only hold a handful of "lotto" shares), because I keep getting stopped out. Seems that happened here too.
I agree Gena, i had a limit target for last 1/2 at +2 and missed that fill by about .15 so raised my stop a lot tighter then usual and got hit.
@Gena...that's a good idea, i find the same thing happening to me with a lot of my trades. Scaling out is limiting my gains on a bunch of my trades. Are you selling 3/4 and keeping 1/4 as lotto or what do you find is working better?
Sick entry! Nice first cover. Now work on holding that last piece longer vs tightening your stop right away. Maybe cover more on the first cover so you book more profit for now and can use the smaller piece to experiment.
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not bad... nice entry