The stock gapped down on earnings and I had intended to short this but buying pressure was strong at the open so I switched my game plan. I goofed up on my stop-loss placement on this one and got stopped out as the stock whipsawed below the VWAP. This could have been avoided if I would have waited a little bit longer for a more visible base to form. I slightly chased my next entry at 10.01 but had decent exits at 10.82 and 10.83. I re-loaded 250 shares as I thought we would see a stronger gap fill and I kept 50 shares from my last entry for the home run. As the stock broke the 9 EMA I got out for a loss on my 250 shares and a smaller gain on the lotto shares that I had hoped.
Execution detail:
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