Shared by
Markmandy54
This one has gotten me many times so took 1/2 position. Stop -.15 under 9EMA and P/B lows. Target +.40. Got stopped as in retrospect, stop too tight with the 20MA right under. Ripped after and i didn't re-enter. Great eye, didn't manage correctly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-24 10:37:11 | KNDI | buy | $14.180 | long |
| 2014-02-24 10:37:12 | KNDI | buy | $14.180 | long |
| 2014-02-24 10:43:01 | KNDI | sell | $14.060 | 0 |
Comments
Markmandy54
We can always get back in. I simply didn't. I believe with that low volume p/B our stop was too tight. Either way we both should have jumped back in. Great ripper today.
PHILnomenal
You had this man, i looked at taking a position at the exact same spot and didn't and now i'm kicking myself.
Damn i wish you jumped back in and nailed this. Regardless of whether your stop may or may not have been too tight, you should've been back in when it started playing out the way you had planned. That being said, i didn't even stick my toe in the water. LOL.
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I played this almost exactly the same. My stop was .08, so we were looking at and believed the same thing... happens to me a lot .. getting stopped out by a few pennies. missed a huge run up because of it....