Shared by
jh_theta_BOWS
SYMBOL: FIO
Position Size: 100
Max Loss: $25
Entry Price: 10.70
Why:
Stop Loss: $10.45
Why: under moving averages. near low wick.
Target(s): 11.08 area / 11.21 / 12
Why: previous resistance on the daily chart / HOD / high of previous gap down.
Exit(s): 10.92 / 10.99
Why: I was trying to stay in this position as it kept grinding higher. I was essentially "shaken out" on both of my sells because it looked like it was going to crack.
Reasons For Taking the Trade: bought on pullback. broke above the 9EMA and VWAP which were at the same level.
Reasons Against: Volume pattern could have been better.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-28 10:40:00 | FIO | buy | $10.700 | long |
| 2013-10-28 12:12:36 | FIO | sell | $10.920 | long |
| 2013-10-28 12:43:11 | FIO | sell | $10.990 | 0 |
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