Shared by
handycandi_BOWS
Bought long when price pulled back to 9EMA/VWAP on 5-min chart; set stop just below 9EMA/VWAP. Will move up as needed to stay under 9EMA. Also formed multi-tap level, then broke above it. Sold half when it stopped climbing and just sat there and VWAP flattened out (on my reasons to sell list, and wanted to lock in some profit, but stop was already above buy price, so I kept half). Bought more shares later (with limit order to get a good entry) when price pulled back to 9EMA again; should not have done this during lunch, I didn't realize it was that late. Continuing to move stop up to stay under 9EMA. Sold half into a giant unexpected spike. Stopped out on last half.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-17 09:58:11 | RUSS | buy | $7.340 | long |
| 2015-04-17 10:14:59 | RUSS | sell | $7.480 | long |
| 2015-04-17 11:20:58 | RUSS | buy | $7.600 | long |
| 2015-04-17 12:29:02 | RUSS | sell | $8.150 | long |
| 2015-04-17 12:58:59 | RUSS | sell | $7.900 | 0 |
Comments
handycandi_BOWS
Around $7.29, about five cents below the 9EMA and three cents under the VWAP. I kept it five cents under the 9EMA the whole time.
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Nice patience! Great trade management. Where was your initial stop on your first entry?