I entered in a 200 share position as the stock was forming a flattop/flag with the 9 EMA squeezing up from underneath. I loaded up another 100 shares as a tighter coil was forming. The stock broke out and I scaled out 100 shares at 18.87 and 18.89. I held onto 100 lotto shares but the stock broke the 9 & 20 EMA and my stop was triggered 18.74. Some improvements that could be made on this trade is taking a larger position as my risk was low with a stop-loss at 18.59. I also should have waited a bit longer for the 9 EMA to get closer to the price before entering a position at the top of the flattop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-23 10:59:49 | HZNP | buy | $18.730 | long |
2015-02-23 11:15:35 | HZNP | buy | $18.730 | long |
2015-02-23 11:24:04 | HZNP | sell | $18.870 | long |
2015-02-23 12:05:57 | HZNP | sell | $18.890 | long |
2015-02-23 12:21:10 | HZNP | sell | $18.740 | 0 |
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