Shared by
WizardKing
PLAY: Breakout(Bull Flags)
KEY LEVEL: 722,730,735
Did I follow my stop loss rules? Yes
Entry(Notes): Followed momentum to the upside. Some entries towards the end were a bit rushed, as I got in way before confirmation. There were some chop entries a little bit before that, where I was just wasting BP, and being stopped out for quick losses. The real break of the bull flag (confirmation) was at around 07:10 PST, and if my entry was there I would have saved some money. A bull flag with clear momentum should go quickly in your favor.
Exit(Notes): Was not aggressive on this at all, and there were a few times I took profits off the table as I was hesitant in holding.
Chart:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-20 09:36:12 | APR23 21 730 CALL | buy | $17.200 | long |
| 2021-04-20 09:40:34 | APR23 21 730 CALL | buy | $18.100 | long |
| 2021-04-20 09:42:07 | APR23 21 730 CALL | sell | $18.450 | long |
| 2021-04-20 09:44:10 | APR23 21 730 CALL | sell | $20.300 | 0 |
| 2021-04-20 09:50:13 | APR23 21 750 CALL | buy | $12.400 | long |
| 2021-04-20 09:52:53 | APR23 21 750 CALL | sell | $12.550 | 0 |
| 2021-04-20 09:58:56 | APR23 21 750 CALL | buy | $10.650 | long |
| 2021-04-20 10:00:41 | APR23 21 750 CALL | buy | $11.050 | long |
| 2021-04-20 10:04:44 | APR23 21 750 CALL | sell | $10.010 | long |
| 2021-04-20 10:08:10 | APR23 21 750 CALL | buy | $10.580 | long |
| 2021-04-20 10:10:39 | APR23 21 750 CALL | sell | $10.050 | long |
| 2021-04-20 10:30:12 | APR23 21 750 CALL | sell | $10.700 | 0 |
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