FNSR Trade on Mar 6, 2015 11:18 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

Stock gapped up on an earnings beat. The ideal entry would have been as the stock rounded with the EMAs curling upwards around 21.65. I went long 200 shares at 21.99 on what looked like a flag at the time, although technically it wasn't much of one. I had a stop placed at 21.80 which was a bit wide considering the reward to risk. I should have sold a few shares off when it made highs at 22.25. I did not take into consideration the run it had already made so I mistakenly held on for a bigger move. I went long another 200 shares as it broke out of its flag and pierced through the 9 EMA at 22.09. It began to stall out at 22.20, just below the highs of the day. I should have been looking to exit here upon realizing this, but again, I was expecting a bigger move. I stopped trading the chart and started trading my PnL. Always a big mistake. I ended up exiting almost flat at 21.80.


Execution detail:

Date/time Symbol Side Price Position
2015-03-06 11:18:52 FNSR buy $21.990 long
2015-03-06 13:02:06 FNSR buy $22.090 long
2015-03-06 13:34:10 FNSR sell $22.050 0


Comments

Gravatar kunal00
March 07, 2015

late on the entry big time and remember this is not some low float bio stock its not just gonna run 20% if u buy hods or close to it.. u need a real setup

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