Shared by:
ToqueX
Grade=D
I don't like to pick tops, but I was watching the tape, saw the price movement slowing and the volume increasing, so I ws looking for at least a pullback if not a reversal. I got a tiny pullback and got out quickly as I should have. This is a big board stock, so I should have known that reversal of this big up move was unlikely. In this case, even a chase at 82.20 would have been better than this. Note: I wonder if anyone has the style of chasing at the right times as his/her profitable stragegy. I suppose some do trade that way, but they wouldn't think of it as chasing. That would be breaking through resistance and buying on confirmation backed up by heavy buying on the tape and the overall market.
Execution detail:
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