Shared by
tee
Day Chart: gap up on news
Buy: gap and climbed for 15 mins, then hit its low around 11am. stayed under VWAP, 9 and 20MAs. eventually it remounted the VWAP, 9 rose above 20, 20 held as support. Bought as close to 20MA as I could and with VWAP only $0.07 below as my max risk.
Sell: price broke triple tap resistance starting from morning highs. price spiked for max of $37.50 and used last low of 1 min bars as my trailing stop. stock instantly reversed from spike straight past my stop to near the recent breakout area. No sideways action during the spike for me to sell at.
Lesson: great entry with great price support thesis. sizing increased due to how close I was buying to my stop. only tweak would be to scale out into strength but commissions are still high.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-23 13:41:00 | ARRS | buy | $36.950 | long |
| 2015-04-23 14:22:00 | ARRS | sell | $37.300 | 0 |
Comments
tee
Thanks, MB. I've been building off your previous comment so I def appreciate the input.
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I am impressed.. nice going :) You traded this better than me today!