Falling right back into this rising channel after its earnings gap up move. Don't really like this chart but will remain on watch list. Interested to see how it acts near 50d if it pulls back that far. Inside day on Friday on less than average volume.
If you look at the weekly, it did pull back and held its 10week moving average.
This trade didn't start out well. I have been watching DECK for a while in this channel waiting for a break out. I originally went long at 91 the night it reported earnings. I had my stop placed at 87.75, under the 50dma. I was stopped out by 30 cents I believe the following morning (Friday). I re-entered at 95 as it cleared its 10dma. I had stops under that 10d and 21dma, each for half the position. I took half the trade off at 101 for +6.00 and this morning I took off another 1/4 at 105 for +10.00. As of now, I am holding 1/4 and waiting for it to base above 100.
I've come to the realization that while my watch list is about 100 stocks, my focus list is too big. I always try to narrow down my favorite 3-5, but lately its been 10-15 causing my attention to spread thin. On top of that I had my worst day in a long long time. Rookie mistake, overslept, thought I had my stop orders placed in which I didn't and ended up puking up my swings at the lows of the day today, all of which closed at their highs of the day and look great for higher places. I had great prices, what the hell was I thinking? Ouch. Live, Trade and Learn. Sometimes you just need to take a beating to wake yourself up.