Bought long when it broke a pre-market flag on the 2-min chart, and placed stop just below. Realized I drew the trendline slightly wrong, so re-drew it, saw that it hadn't passed the trendline yet but was about to, and moved stop to below the highest MA. It broke flag, and I sold half into spike, moving stop to buy price. Sold the second half into the next spike.
This is where I drew the trendline incorrectly, showing why I would choose this buy spot:
This was the correct placement of the trendline, showing where I should have bought:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-07 09:53:53 | CLVS | buy | $74.830 | long |
2015-04-07 10:00:32 | CLVS | sell | $75.320 | long |
2015-04-07 10:01:31 | CLVS | sell | $75.720 | 0 |
this is a monster chase.. maybe the most risky trade i have seen in a awhile
why chase a 2 dollar spike?
http://screencast.com/t/mrFZOzzCR32
that is ur entry
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Nice trade!