Swing Trade - CKFR

My first swing trade setup was CKFR as per last night's watch list. I placed a $50.00 buy limit order around 8:00 a.m. this morning as I was heading off to work. I was filled on the open. At lunch time I placed stop on 50% of my shares at $50.35, just 5 cents below breakout support. I thought that if price could take out the morning high, it could easily go to $51.00, so I placed a sell limit order on the other 50% of my shares at $51.00. That sale went through easily in the last hour of trade. I'm leaving my stop as is going into tomorrow and hoping that the pink trendline holds. Given the sloppy market conditions, I'm lowering my target to $52.00 and hoping to exit the balance of the trade tomorrow.

In reviewing the trade, I realize that I should have split my buy entry in two: 50% at $50.00 support and the balance around the 200 period MA on the five minute chart. I will implement this type of split buy order on my next swing trade.

This was my only trade today.