It seemed to me that the stock was at the APEX of its coil. OBV grows, volume grows. Actually at the apex everything should be quiet. I bought. And stock run to HOD where I sold.
Set Up: Yes
Stop: 21.98
Would I make this trade with real money?: Yes
As the tech looked so good and I saw very light pull back off the resistance, I decided to reenter as I expected more upside. Tech really nice. OBV in HOD. The warning sigh should be that stock tried to run up again and could not. At that moment I should have sold. But OBV looked really good so I did not. Instead I purchased 100 more shares on bigger pullback. But stock pulled back even more and took out my stop. I had a bad timing cause the expected break out came later that day.
Set up: So So (some pullback play)
Stop: 22.20
Would I make this trade with real money: Probably
Bad Timing
I was getting too hungry and I was getting myself into too many trades. At one point I had 3 and this is too much for me. One should be just fine.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-17 12:56:36 | FPRX | buy | $22.095 | long |
2014-03-17 13:47:14 | FPRX | sell | $22.582 | 0 |
2014-03-17 13:55:08 | FPRX | buy | $22.360 | long |
2014-03-17 14:16:39 | FPRX | buy | $22.110 | long |
2014-03-17 14:28:00 | FPRX | sell | $22.139 | 0 |
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