Entry: 5.04 (yesterdays HOD) felt confident with this entry with the stock going R/G on strong volume, it passed 5.04 and figured it would retest within the same candle. So i got filled at 5.04
Stop: 4.92 ($60 risk)
Sold off 1/2 at .15 gain, seemed like an appropriate area to lock in some profits.
I got stopped out my second half for a small loss, I should have tightened my stop, I didnt and gave up an extra 15 bucks than I should have.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-19 09:37:24 | ARIA | buy | $5.040 | long |
2013-12-19 09:38:07 | ARIA | buy | $5.040 | long |
2013-12-19 09:38:07 | ARIA | buy | $5.040 | long |
2013-12-19 09:38:09 | ARIA | buy | $5.040 | long |
2013-12-19 09:43:45 | ARIA | sell | $5.200 | long |
2013-12-19 09:43:45 | ARIA | sell | $5.200 | long |
2013-12-19 09:43:45 | ARIA | sell | $5.200 | long |
2013-12-19 10:03:22 | ARIA | sell | $5.020 | long |
2013-12-19 10:03:22 | ARIA | sell | $5.020 | 0 |
Actually I take that back. Give you a little insight of how I would've traded it. Where you sold, I would'nt have. the volume of that candle was greater than than the previous, which means it mostlikely going to go higher. I actually covered my first half @ 5.25 from 5.09, Looking back I should've waited 10 more minutes too. I might've covered at the same price but I had a reason to sell.
For your exit, I would've waited. The chance of it bouncing @ 5.00 is pretty good as its a good mental whole number. Watching it, I would've put my stop @ 4.95, so it had a chance to bounce. Steep decents like it had, usually would quickly break 5.00 then resurface above it. I would ofcoarse got filled @ 4.95 and lost more than you.
I see what your saying Stryker, I could have watched the volume and let the stock run out of gas before I sold my first half, If i would have payed close attention to volume I could have picked up a few more bucks here.
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Nice scalp.