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Shared by
boldandnuts

 

MU

Feb 11, 2019 10:04


Tags:

Breakout Play Good Entry Good Exit Low RVol fakeout

MU eventually broke above 38 and after the next pullback I wanted to go for another leg up and took some size. MU had no RVOL and traded slowly. Hence no followthrough and breakout not working. Took too much size and after teh fake breakout I took my loss. Bitter but good exit.

Seconds later the trade worked. But I did good as the initial follow through did not happen as the market in general traded on low volume and it was not a day for this strategy. Stayed away from AMD/MU rest of day.


Execution detail:

Date/time Symbol Side Price Position
2019-02-11 10:04:00 MU buy $38.160 long
2019-02-11 10:04:00 MU sell $38.080 0


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