Shared by
ckz8780
Daily flag break at exactly $90.00. This stock was running with the market on news of QE3 so I wanted to get out quickly and decided to just scalp it at $90 since there was no major support. I should have realized that the intraday chart had tapped $90 3 times as well as the daily doing the same so I could have just kept a tight stop under $90 and been able to hold this one all the way for a $1.50+/share gain. This would have prevented all the erroneous scalps later on and possibly offered those points as opportunities to add or scalp while already in profit. I started with the proper size and this could have been a $100-150 trade instead of a $12 net trade which was actually just flat and a waste of commission.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-09-13 13:00:24 | XOM | buy | $90.050 | long |
| 2012-09-13 13:01:12 | XOM | sell | $90.160 | 0 |
| 2012-09-13 13:47:44 | XOM | buy | $90.590 | long |
| 2012-09-13 13:57:37 | XOM | sell | $90.430 | 0 |
| 2012-09-13 14:02:37 | XOM | buy | $90.630 | long |
| 2012-09-13 14:05:23 | XOM | sell | $90.800 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!