Two trades, one profitable and the other a loss.
Setup on daily: Earnings Breakout
Setup intraday: Flag
Reasons to enter: consolidating and holding above 9EMA.
Concerns: none.
Stop: $38.60 - under 9EMA.
First target: $39.80
R/R 2:1 - good!
I should've sold there into the spike over $40, but waited and lost. It dropped very fast. In the other trade I was trying to catch a bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-03 11:17:00 | ANIP | buy | $38.990 | long |
2014-11-03 12:04:00 | ANIP | sell | $39.800 | long |
2014-11-03 12:38:00 | ANIP | sell | $38.770 | 0 |
2014-11-03 12:46:00 | ANIP | buy | $39.790 | long |
2014-11-03 12:49:00 | ANIP | sell | $39.440 | 0 |
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