My first entry on this trade was one of my better ones today. I went long as the stock pulled back to the 9 EMA and scaled out into the breakout. I should have left this stock after taking the gains but I took another trade as a flag was forming. I had too tight of a stop-loss at 8.47 and was stopped out. I re-entered near the top of the flattop and was stopped out as it failed and broke below the EMAs. One major flaw I am noticing in my trading is putting on to large of a position size when the set-up is mediocre and to small of a position when the stronger set-ups are evident.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!