Shared by
ThaRhino
Setup: Afternoon Bull Flag Breakout
- Bought the bull flag breakout; started accumulating early, then added size when stock broke out from the HOD; added even more size with very tight stop when stock retraced, since stocks have a tendency to immediately stop out longs through retracement before continuing trend
- Sold half at breakeven to reduce risk, since stock wasn't pushing higher fast enough
- Stock then started to push higher, and I sold incrementally (small sizes) through each push
- I kept some for a potential run at the end, but sold the rest when the stop started to appear a rounded top
* MISTAKE: maybe got too big, and probably could've sold less incrementally
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-23 11:16:56 | INFN | buy | $13.130 | long |
| 2014-10-23 11:17:50 | INFN | buy | $13.190 | long |
| 2014-10-23 11:22:29 | INFN | buy | $13.050 | long |
| 2014-10-23 11:32:23 | INFN | sell | $13.100 | long |
| 2014-10-23 11:33:27 | INFN | sell | $13.120 | long |
| 2014-10-23 11:40:41 | INFN | sell | $13.190 | long |
| 2014-10-23 11:51:24 | INFN | sell | $13.300 | long |
| 2014-10-23 11:52:29 | INFN | sell | $13.240 | long |
| 2014-10-23 11:59:39 | INFN | sell | $13.390 | long |
| 2014-10-23 12:10:14 | INFN | sell | $13.450 | long |
| 2014-10-23 12:16:20 | INFN | sell | $13.460 | 0 |
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