Shared by
ckz8780
Flag break on the daily at $44.75. Snagged this in the morning at $44.60 as it broke an intraday mini-flag, then doubled up later as it consolidated. Overall this was a really good trade but toward the end I overtraded a bit. On the add around 1pm I sold off a little too soon and selling the remainder at 2pm rather than honoring my original stop ($44.88) was a mistake as you can see I pretty much bottom ticked the last sell and it immediately proceeded back up. Overall a decent trade, but the sell management could have been better. I think one of the issues with these trades is I get excited and just want to lock in any profits I can because I don't really have a good system for setting targets. If anyone reads this and has input on how to develop a system for setting accurate targets and determine where to sell a stock like this where there is no significant resistance on the daily, please leave it in the comments and it would be greatly appreciated!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-09-13 09:55:08 | LVS | buy | $44.630 | long |
| 2012-09-13 09:55:08 | LVS | buy | $44.630 | long |
| 2012-09-13 11:36:00 | LVS | buy | $44.630 | long |
| 2012-09-13 11:36:00 | LVS | buy | $44.630 | long |
| 2012-09-13 12:34:17 | LVS | sell | $44.950 | long |
| 2012-09-13 12:43:43 | LVS | sell | $45.140 | long |
| 2012-09-13 13:07:07 | LVS | buy | $45.130 | long |
| 2012-09-13 13:23:05 | LVS | sell | $45.220 | long |
| 2012-09-13 13:59:49 | LVS | sell | $45.030 | 0 |
Comments
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if u want tolet it run .. if its making higher lows you can let it ride till it gets too extended on the intraday or daily.. if ur swingtrading u could keep raising ur stops under the higher low on the 30min chart and let it run. 47.51 was the 200dma so it was safe to assume