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Avi_BOWS
I should have sold 1/2 or at least a 1/3 on the pop to make some profit. Played the flag break well but was greedy and thought it would run more, ended up selling close to buy price for small loss.
Execution detail:
Comments
Avi_BOWS
No, it was a stop order. I had it basically at the buy price. Which was good because it dropped even more on the next candle. I could have made about $200 if I sold off completely at the high, but I was hoping it would go higher before I sold 1/2, my target was about 3.48 to sell half and high of day to sell either the rest or another 1/2.
Live and learn, take some profits on the initial pop, so if I had done this trade, really the best way, sell 1/2 at 3.40-.45 and then sell the rest flat. $100 in the pocket.
Nape_BOWS
When you start trying to play the 3rd and 4th intraday breakout that is when things start getting choppy..http://screencast.com/t/ydYl8dHQ4
Easy money was over.
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Ouch - looks like your sell order hit the bottom of a candle, too. Market sell?