Shared by
Blake_BOWS
This stock I was thinking there'd be a much bigger bounce off the 20dma.
So I jumped the gun a bit on longing this. I'm very disappointed in that decision. It didn't give me anywhere near the confirmation that it needed on breaking that flat top before taking the position.
Again, my thought on this trade was that it was going to have a good bounce off the 20dma. For the second time of the day, I took a risk going long with very little confirmation. During this time of the day, the s&p was rising as well, which I thought would give it the boost it needed to reach the high of the day and more. I started to lose some confidence in the trade, so I scaled out as it approached my entry a couple of times just to reduce how much I risked
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-08 10:08:18 | SIG | buy | $103.740 | long |
| 2014-04-08 10:08:20 | SIG | buy | $103.740 | long |
| 2014-04-08 10:13:50 | SIG | sell | $103.360 | long |
| 2014-04-08 10:13:50 | SIG | sell | $103.370 | 0 |
| 2014-04-08 11:43:56 | SIG | buy | $103.660 | long |
| 2014-04-08 11:43:56 | SIG | buy | $103.600 | long |
| 2014-04-08 11:43:56 | SIG | buy | $103.660 | long |
| 2014-04-08 11:59:21 | SIG | sell | $103.580 | long |
| 2014-04-08 12:12:30 | SIG | sell | $103.500 | long |
| 2014-04-08 12:38:04 | SIG | sell | $103.400 | 0 |
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