Shared by:
ToqueX
Grade=C-
P/L= +2.4R
Entry: chasing the momo after a flag break. A blatant chase and I knew it. I think it was a reaction to seeing stocks get away on me and watching chasers profit.
Result: Chasing is a bad habit, but there are times when it works and that is when the momo is strong. This was one of those cases and I had my eye on 24 as a target and had my risk tight underneath should the price action reverse. Not the habit I want to get into. This was a bit of an experiment.
Execution detail:
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