Bought the breakout at $10.57; watched it gently rise to
$11.40 , gave it some room with a stop at $11.15. At work all
day; never saw the parabolic move to $11.80. Caught in the
late morning downdraft and was taken out at my stop. Made
money but felt like I left too much on the table. Without
watching every tick, was there a better way to maneuver my
stops? Often when I use a trailing stop I find I'm taken out
too soon. That would've worked better in today's
scenario.
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VKTX nice pop
Posted by matt on 23rd of Aug 2018 at 12:33 pm
VKTX - Chart Link - this one was tightly coiled as discussed yesterday
Bought the breakout at $10.57;
Posted by RichieD on 23rd of Aug 2018 at 04:15 pm
Bought the breakout at $10.57; watched it gently rise to $11.40 , gave it some room with a stop at $11.15. At work all day; never saw the parabolic move to $11.80. Caught in the late morning downdraft and was taken out at my stop. Made money but felt like I left too much on the table. Without watching every tick, was there a better way to maneuver my stops? Often when I use a trailing stop I find I'm taken out too soon. That would've worked better in today's scenario.