Shared by
tee
Day Chart: breaking flag, BIOs breaking down (inverse etf)
Buy: forming congestion area, bouncing off 9ema, bought on 9ema using limit order.
Order:
price
9 (rising)
20 (flat)
VWAP
stochastics - crossed negative above 80 line
Sell: stopped out as stock went straight down past 20 and VWAP
Lesson: keep watching to see if your thesis is right - stock actually closed a 5 min bar below VWAP but then started a recovery. new buy signals given when it remounted the 9, stochs crossing back positive. ended up running to a day high of 36.52 (stopped at 34.50). my stop was fair but I should have watched for a re-enter.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-30 11:01:00 | BIS | buy | $34.800 | long |
| 2015-04-30 11:12:00 | BIS | sell | $34.500 | 0 |
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