Picked up SFUN when I ran an intraday breakout scan in the morning. Found a good entry when it broke an intraday flag at 50.80. Didn't scale out b/c I only bought 100 shares. Kept adjusting my stop as stock moved up, but I placed it too tight as I got stopped out prematurely. Need to leave a little more room next time I trade a $50 stock.
Execution detail:
Good entry! I would suggest partial sells as the stock is going up (like Kunal does). Could have gotten a bit more coin that way, and not left as much on the table.
Nice entry, great job.
I like your entry. Kunal's suggestion is that you still scale out regardless of how many shares you have because you should be working on practicing the proper methods. Also, it looks like a base was forming and you sold right at the support level (it never broke support). If I were you, I would've set that trailing stop a few cents under that base.
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!
not bad