This stock had reached the bottom in the intraday and was tapping resistance. Therefore, it was on watch for a possible break out. After the opening a flag formed and broke out to the upside and I entered a long position. I scaled out at the 3rd and 4th spike while leaving 100 shares in my position just in case the stock decides to consolidate and create another run up. But once it started to drop down I exited at support.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-17 09:44:31 | LVS | buy | $65.180 | long |
2014-10-17 09:59:37 | LVS | sell | $65.650 | long |
2014-10-17 10:03:05 | LVS | sell | $65.740 | long |
2014-10-17 10:06:34 | LVS | sell | $65.410 | 0 |
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