NTLS popped up on my scan after I missed its initial move. It started consolidating for a few hours forming a nice flag pattern. I took the trade when the price actin started tightening up under my trendline. I should have loaded more shares due to the fact that my risk was only about 4 pennies. I took a nice chunk of the initial dollar move, but I could have played it better. I sold the last chunk of the trade at the trend change. It then began to flag again so I reentered the trade. the flag had another hour or so of consolidation, So I was expecting a bigger move to the upside on my second entry. I got in at about 7.91, I was expecting it to run to at least 8.30ish because that was where previous months resistance was. When it failed to hit the .30s It quickly slumped down, So I sold my shares for only a .14 cent gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-13 12:44:44 | NTLS | buy | $7.230 | long |
2015-05-13 12:44:44 | NTLS | buy | $7.232 | long |
2015-05-13 12:44:44 | NTLS | buy | $7.232 | long |
2015-05-13 12:44:44 | NTLS | buy | $7.234 | long |
2015-05-13 12:52:36 | NTLS | sell | $7.630 | long |
2015-05-13 12:57:32 | NTLS | sell | $7.980 | long |
2015-05-13 13:05:53 | NTLS | sell | $7.910 | 0 |
2015-05-13 13:06:44 | NTLS | buy | $7.910 | long |
2015-05-13 13:06:44 | NTLS | buy | $7.910 | long |
2015-05-13 13:06:44 | NTLS | buy | $7.910 | long |
2015-05-13 13:06:44 | NTLS | buy | $7.912 | long |
2015-05-13 13:06:44 | NTLS | buy | $7.911 | long |
2015-05-13 14:41:03 | NTLS | sell | $8.060 | long |
2015-05-13 14:41:03 | NTLS | sell | $8.060 | long |
2015-05-13 14:41:03 | NTLS | sell | $8.060 | 0 |
2015-05-13 14:44:58 | NTLS | sell | $7.980 | short |
2015-05-13 14:50:30 | NTLS | buy | $8.080 | short |
2015-05-13 14:50:30 | NTLS | buy | $8.075 | short |
2015-05-13 14:50:30 | NTLS | buy | $8.075 | 0 |
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