Shared by:
GeoJosh
What was happening in the market
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The discount retailer posted revenue of $1.63 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.
Big Lots shares have risen 50% since the beginning of the year. The stock has risen 65% in the last 12 months.
What was the set-up
Long market at support
How did I traded it
Went long but got stopped.
Learning Experience
Should have reentered on the PB for a better enter and ride it until the market close.
I did not truth myself as I was thinking of the previous loss and not the trading opportunity at hand .
Execution detail:
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