Saturday, March 19, 2016

$P Trade Recap x2

Trade Recap
Ticker (Company) Pandora Media, Inc. (P)

Date - 3/16/16
Plan - Buy support along 50dma, and hold for a breakout above the ascending triangle pattern. Trying to capture the support / pre breakout move as in this current market breakouts are getting sold into, so why not try and capture the pre breakout move and sell into the breakout when everyone is buying the breakout... 
Entry price - $9.89
Exit Price - $9.68
Position Size - 300 shares
Profit (Loss) - ($61.00)
Learning Point  - No follow through on the chart again, I chased the entry on the pull back some and was underwater ever since. I was not patient enough for the chart to work out, as previously stated the stock moved in my favor. Patients! 
 Chart - 
   Will upload chart later

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