Shared by
tee
Day chart: 2nd day of momo run
Buy: flag, descending, same as earlier formation around 10am
acted fast because yesterday the second flag was buyable
Sell: didn't follow through immediately on breakout candle, engulfing red followed it
3rd attempt at support, lower highs being made
Lesson - hesitated at first flag, if I was long since then this would be a profitable exit.
stop was at the right spot, the charts just allowed me to stay in trade longer due to sideways action.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-14 11:12:00 | BLDR | buy | $13.720 | long |
| 2015-04-14 11:56:00 | BLDR | sell | $13.540 | 0 |
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