I had this on watch after it had tested the 50.09 resistance level for the majority of yesterday. I went long 100 shares at 50.29 and 100 at 50.30, slightly chasing my entries as it broke above resistance. I did say yesterday in my plan I would be scaling in, however, I should have been a little bit more patient and wait for the stock to pull back for a better entry. I did end up loading 100 more shares at 50.01 as the 9 EMA held on the pullback. I scaled out 50 shares at 50.87 and waited for the stock to make its move. Support was holding and the stock made two higher lows before going on a rally. I scaled out 50 shares at 50.85, 50 at 51.14, 50 at 51.60, and 50 at 51.92. The stock began to flag so I re-loaded another 100 shares at 52.00. I sold the remaining 150 shares 52.16 because I felt the stock may start losing steam but it was only flagging. I didn't want to give back my gains so I got out when I should have been focused on what the chart was telling me, which was to wait.
Execution detail:
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