SemiLEDs (LEDS)
SemiLEDs (LEDS)

April 11,2018: I exited LEDS 4.23 +0.18 +4.44% today after a few months of drawdown from NOT following my intraday trading rules and then NOT cutting my losses quickly.  Fortunately, this stock made a nice bounce before ER was released.

$LEDS was trending up nicely in pre-market (PM) today based on a strong technical pop that started to form around 1400 on 10 April.  This morning she ran hard in PM and effortlessly crossed above $7.

I’ve had a good till close (GTC) sell order placed at $6.50 for months but I moved that up to $7.49 based on the PM price action.  However, once the market opened and the volume came in strong I moved my sell price up to $8.  Unfortunately for me I wasn’t fast enough.  The price action was just too fast in $LEDS and my resting order at $7.49 had already filled.

Ultimately, this was a best case scenario.  Sure I made money on $LEDS but breaking my technical trading rules on my entry makes this an overall bad trade for me.

 

LEDS-04-11-2018
LEDS-04-11-2018



Stephen

Stephen

Active duty Air Force, day trader and online marketer. Check out my Trading Resources page to see what I use for my stock charting platform, intraday stock screener and more!

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