Shared by
tee
Day Chart: Gap up and run
Buy: Price held support and showed a flag
Right before 3pm and in close to line in the sand, guessing it's a perfect storm for end of day push through highs.
Sell: didn't reach 4.13 again (lower highs) and getting close to end of day.
didn't see end of day run (even with flag forming again) and figured if there aren't shorts getting squeezed into end of day, then longs might be the only ones in this and might start taking profits. That guess was right as price continued flushing as I sold.
Lessons: scaling out into spikes would have been more profitable even with 9.99 commissions. I would have sold at 4.09 and 4.03 for $75 return vs $50 (50% increase). Large sizing allows for profitability when scaling.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-14 14:51:00 | SZYM | buy | $3.980 | long |
| 2015-04-14 15:52:00 | SZYM | sell | $4.030 | 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!