Shared by
wolfgtweb
Momentum play. Not something I normally do, but this didn't seem like it wanted to stop going up. So I jumped in at 4.19. Of course it pulled back almost immediately but not much (relative to its movement). I watched for a second and added at 4.09. I set a modest 10 cent target and was out less than a minute later. Risky trade. I would have stopped out if it broke 4.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:11:39 | XELA | buy | $4.190 | long |
| 2021-03-09 10:12:12 | XELA | buy | $4.090 | long |
| 2021-03-09 10:12:55 | XELA | sell | $4.240 | 0 |
Comments
wolfgtweb
TOS (Think Or Swim from TD Ameritrade). Been using it for years. I have no complaints.
PilotTerry
Nice - A lot of volume, if traders weren't on EYES I think they were on this...
ADillPickleTrading
you seem like you know what your doing considering your size and the way you talk,but just a tip I use personally, its usually better to buy the breakout of a dip in the longer term uptrend. nice add tho, good job staying green
@ADillPickleTrading, agreed. My normal setup is to wait for a pullback and then play the breakout (or breakdown). I don't normally do momentum like this, but it felt like I was early enough to catch some of it. You won't see me do this very often.
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wolfgtweb@ What platfrom do you use?