Earnings Catalyst - negative earnings release
Stock gapped down, but in PM trading price ran up almost back to yesterday's close around 352/353....
sold off in the first 5 minutes.... so the context was pretty good
Negative catalyst, very extended on the daily chart
My mistake was the entry... I didn't wait for a pullback
I did size down a bit to allow for a wider stop... but I've noticed that when I size down and widen my stop... it usually means I am just being impatient and not waiting for the right spot to enter where I can have tighter risk.
Got stopped out only about 50 cents from the top.... frustrating.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!