Watchlist: SBUX GENZ ILMN PPDI LLTC WFC HNT NBR ATI BK STJ PTV FUQI
Very conservative today and had trouble pulling the trigger…
| Tick | # | Gross | Fee | Net | Set Up | Actual |
| SBUX | 200-Long | 9 | -3.75 | $5.25 | ORH-BO | ORH-BO |
S-BUX is slightly breaking out right now and it could fail at $17, but the stock never came close to hitting my stop loss order. I entered long on a safe pullback at what looked like short-term support – $17.75 so a safe entry not chasing price. However, I was a nervous nitty and did not stay in the trade and am missing the move, currently trading .30 cents from where I entered at near HOD and above $17. However, this is pennies below the high of the last year just below a peak from August 2008, so this could be act as resistance here especially on a market day that seems flat right now
UPDATE #1: Broke past the high from last August to $17.15ish.
UPDATE #2: Classic ORH BO. Why did I let my losing trades on Monday and Tuesday “breath” so they could mature into losers over $100? But a simple trade like this, I don’t follow my simple exit rules – fricking didn’t even come close to my stop order!
