The stock was forming a triple tap breakout from yesterday's highs. I entered 500 shares at 18.86 when it started forming a tight coil right below resistance at 19.00. I was using a mental stop. If it was to break the EMAs around 18.65 I would get out. I scaled out 100 shares at a time into the rip up to 19.75. I held onto 100 shares for the home run if it could break 20.00. It was to late in the day and I ended up selling at 19.39 just before it broke the EMAs and closed below 19.00. The only trade I am somewhat pleased with today.
Execution detail:
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