Shared by
RadHatter
PRTS jumped yesterday to over $14 then settled back down to $13. Heavy offloading this morning then a period of consolidation. Planned to catch it on the way back up after the morning star reversal at 7:20.
Raised stop to 12.76 after it reached 1R - which also was around the close of the previous day.
8:10 - consolidating around 12.89
8:38 - sold 1/2 to lock in profit, raised stop to 12.86 - bottom of most recent consolidation
Exit @ 13.36 @8:51 with 2.1R profit after sudden jump from $13.12-13.38, just before stock turned around
First day trade with real $$!
~RadHatter
Footnote (why I took the trade): It showed up on my scanner yesterday so I was watching it, and I like the new brand identity. My son has been spending lots of money restoring his car all summer... People are doing this right now :)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-29 10:30:50 | PRTS | buy | $12.720 | long |
| 2020-07-29 11:37:14 | PRTS | sell | $13.140 | long |
| 2020-07-29 11:51:47 | PRTS | sell | $13.360 | long |
| 2020-07-29 11:51:47 | PRTS | sell | $13.360 | 0 |
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