Had positive earnings on Friday resulting in a gap up. I had this stock on watch for a red to green move during the open. I entered at 46.90 as the stock pulled back to the MAs and VWAP. My first mistake was I scaled out the first 1/3 of my shares way to early. I scaled out the second 1/3 near the HOD and held on to some lotto shares for hopes of a continued run-up. Stock pulled back to my initial entry point. I made the mistake of putting my stop-loss to tight and right on price support causing my stop to trigger at 46.85. I quickly re-entered at 46.88 (this was a revenge trade as I felt foolish for selling on support) and quickly sold at 46.95 resulting in a no lose trade. I definitely should have been more patient and waited for a visible set-up to emerge.
Execution detail:
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