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EL_BOWS
FOUR tries in this today.
First entry in flag as pulled to MA (very minimal risk). Sold full position into the previous resistance.
Bought full position back a few pennies later on confirmation of FTBO. Sold into spikes. Accidently sold full position, so rebought. Stopped out to the penny on a hot spike. Can't believe I didn't hop back in, but all I could hear was Kunal "Don't buy lunch time breakouts!!" So I watched it. I'm going to start buying lunch time breakouts.
Third entry was on FTBO. Stopped out as it dipped to the 20EMA, almost to the penny. Position was too heavy here, so I had to stop out.
Final try was on the same FTBO on heavier volume. Rounded over and dropped immediately, setting my on tilt.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-13 10:40:53 | FB | buy | $65.410 | long |
| 2014-02-13 10:47:51 | FB | sell | $65.610 | 0 |
| 2014-02-13 10:48:02 | FB | buy | $65.660 | long |
| 2014-02-13 10:51:55 | FB | sell | $65.810 | long |
| 2014-02-13 11:15:36 | FB | sell | $65.980 | 0 |
| 2014-02-13 11:15:43 | FB | buy | $65.990 | long |
| 2014-02-13 11:47:55 | FB | sell | $65.830 | 0 |
| 2014-02-13 12:51:09 | FB | buy | $67.100 | long |
| 2014-02-13 13:21:52 | FB | sell | $66.740 | 0 |
| 2014-02-13 13:42:00 | FB | buy | $67.130 | long |
| 2014-02-13 14:06:49 | FB | sell | $66.930 | 0 |
Comments
Sayed
whats with this .20c gains! U need at least $1 from FB.
EL_BOWS
Markmandy54
Agree w/Sayed. Taking tiny profits has been killing me. I tend to forget that i take 100% or more of losers, therefore gotta let the winners take care of themselves.
jmoscate_BOWS
Remember your reasons to sell EL. I like your entry. Should have just let it ride after your first sell
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The first and second flag is where you will make the big gains.http://screencast.com/t/8mDNSwnTw9H