Shared by
ThaRhino
Setup: Bull Flag Breakout
- Bought the Bull Flag setup, before the breakout, as the stock appeared to show signs of strength already
- Added more as the stock strengthened into the breakout point; willing to risk little and get out at flat if the stock reversed
- Sold half when it pushed through the breakout point
- Added half back when the stock began consolidating forming another Bull Flag
- Sold full position once the stock lost momentum and broke ema's; ended up with only a small gain; content with results since I was really going for the home run and was a setup I typically like and do well with
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-16 10:28:11 | NFLX | buy | $345.910 | long |
| 2014-10-16 10:36:06 | NFLX | buy | $347.610 | long |
| 2014-10-16 10:50:08 | NFLX | sell | $355.000 | long |
| 2014-10-16 11:18:26 | NFLX | buy | $355.000 | long |
| 2014-10-16 11:27:20 | NFLX | sell | $351.950 | 0 |
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