CYBR was on watch for a breakaway gap in recent IPO. Very similar to Kunal's FEYE description and the strength it can have, so was looking for an entry near a support to get long. Bought 100 shares around $40 support with the intention of adding 100 more when it confirmed the base. I bought the next 100 when it came back over .2 with a stop below the recent lows. My first sale was at .8 which was the recent closing highs and looking to sell another half near hod. Stock didnt quite get there so gave it time and when it failed to push $41 on the next move I sold another 1/2 so was left with 50 shares to try and ride. It ended up losing that range I sold out for a wash. The real failure here was not entering right after in the $39.70's with a tight stop as a trader have to take low risk set ups.
Execution detail:
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Nice work!..but yeah you could have jump back in this trade as $40 was acting as price support..http://screencast.com/t/yR9rL8b226kh