Shared by
jmos_BOWS
Play: Bull flag/Short squeeze
Stock faded all day, had a lot of shorts in it then news came out on another stock which would help this one out so it started to squeeze. I got in when it looked good on the 1mn but only put in a partial as it was a bit extended but wanted to get in in case it did go. I am trying to scale into positions as I have been missing a ton of opportunities because stocks just rip or fade without any bounces. So I got into this one with a large stop and see where it would hold. When it based out, I added some to get a better average and sold small in the rips as it was struggling to break out. Missed my big sell around 7.45 which would have been a nice base hit as it didn't hold and then got stopped out at buy price.
Reasons to sell: spikes,buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-26 12:56:51 | CNAT | buy | $7.300 | long |
| 2015-03-26 13:02:49 | CNAT | buy | $7.190 | long |
| 2015-03-26 13:09:46 | CNAT | sell | $7.330 | long |
| 2015-03-26 13:10:52 | CNAT | sell | $7.380 | long |
| 2015-03-26 13:16:24 | CNAT | sell | $7.240 | 0 |
Comments
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cant do it.. when a stock fades off at the open like that the firt big pop gonna get shorted