Friday, November 28, 2014

Closed EXAS

I closed out EXAS after 3 unsuccessful attempts to closed over 25.20 in a row.  This move reversed today. So I figured it was time to move on.

Entry: 24.23
Exit 1: 25.17
Exit 2:  24.80  

Not a great trade by any means. But it proved what i wanted to prove which is buying range expansion following a narrow ranged pull back can profitable with low risk. I didn't get in this trade as early as I would have liked I should have been .70 earlier.  Thus, I took a reduced position size into this trade.  I did get a nice follow through but when it failed to break through 3 times. Especially after giving back nearly all its gains today, I figured it was better to play defense.  So I sold and I'll move on.

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