Shared by
ddrsmith2_Bows
Proud of myself for waiting for the ema to catch up to the price, Had to sell early for work.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-26 09:55:37 | PRAN | buy | $10.730 | long |
| 2014-02-26 09:55:41 | PRAN | buy | $10.730 | long |
| 2014-02-26 10:13:44 | PRAN | sell | $11.200 | long |
| 2014-02-26 10:59:42 | PRAN | sell | $11.140 | 0 |
Comments
ejwolf1231_BOWS
I am guessing you took the position on the break of the VWAP? If so, not a trade I would have taken but kudos. I would have actually waited a bit longer and entered on the break of the flag and scaled out into the pop.
Granted you had to take off for work, next time I would draw some lines and set some targets/stops so that you can get a bit more out of your trades even if you have to take off for whatever reason. Here is a snapshot of the PRAN intraday chart with a few levels drawn that you could have set and let the stock do its thing. I did not take this trade, I just went back now and looked at it - http://i.imgur.com/WI06Pck.png
Markmandy54
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Nice entry. What's the setup you were playing?