Broke flag at $70.74 on 5-min chart; I chased. Broke flags again at 9:58 and 10:04 on 2-min chart. Sold shortly after it broke the 10:04 flag because I didn't know how long this flag/break repetition would continue. Also, this was changing price so fast I wanted to use a limit order, so I lost the few cents it bounced up seconds after I sold.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-23 09:52:28 | YY | buy | $71.100 | long |
2014-06-23 10:05:53 | YY | sell | $71.400 | 0 |
Darnit. Yes, I can see that now that you point it out. Thank you!
little bit of a high entry but still doable.. the key is u cant really sell the whole thing for 40 cents on a 40 dollar stock as ur stop loss would need to be under 70.50
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Where you sold it had built a nice support area at $71, so you could have raised your stop to $70.90 giving it a little wiggle room.