Bought this $5.50 breakout but not a big fan of these plays.
Reason to buy this time were
- strong volume coming
- the $5.50 wick ~25 mins earlier giving me a peek
- fairly clean flag pattern leading into the breakout.
These gave me some more confidence that a scalp was possible here.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-05 14:46:58 | BNGO | buy | $5.500 | long |
2021-01-05 14:49:27 | BNGO | sell | $5.630 | 0 |
Thanks Trade_Hunter, yeah, this one worked okay. Should have got in a little sooner here and had more confidence in the pattern and I could have trusted that $5.30 level. Sizing has been key for me to manage risk on these trades.
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Solid trade!