Fast gapped down after Earnings and I had it in mind for continuation lower. But it was in between levels during premarket and I needed wait for a relief/move in either direction before entering a trade. Did good here.
There was the SMA200 above at 54.70, and SMA100 as well as Pivots below 56. Hence I wanted to initiate a position somewhere there. I took a starter at 54.50 to add above 55 or when we came back down and up to 56.50ish.
We never got that high and FAST rejected 55. No add.
My profit was a moment too early. FAST moved fast (lol) and I wanted to take a partial in case we bounced to lock in some profits.
I did bad on my stop. Ignoring it when we crossed back above VWAP. Then stopping out break-even at the peak of the move. Somehow did not have the balls to add to my position. I was insecure whether FAST would make a bigger move and I wanted to wait.
Oh, I remember. There was a Conference Call at 10am. That is why I respected the stop and did not give it more room.
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