Shared by
ckz8780
Intraday flag break. This worked wonderfully, the only thing I wish I had done was hold onto my first sell a bit longer. My logic for selling was that $39 was a round number and had intraday resistance there from around 11:20am so I took off 200 shares there. Then I sold again near daily resistance which was at $39.44, since it had that plus the HOD at $39.58 directly above, as well as the round number $39.50. I might have overanalyzed the resistance levels on this one cause with the force it broke, it just blew through them all straight up to $39.82. Overall a good trade but could have been better. +$116.50.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-11-28 14:47:47 | DECK | buy | $38.750 | long |
| 2012-11-28 14:47:47 | DECK | buy | $38.750 | long |
| 2012-11-28 15:20:35 | DECK | sell | $39.017 | long |
| 2012-11-28 15:33:59 | DECK | sell | $39.380 | 0 |
Comments
ckz8780
Yeah - if you go to finviz.com and scan through the top gainers and top losers that is how I found this! I usually use that for ideas when I run out! arrange them in "overview" view and by volume highest to lowest and you'll get all the big players for the day. Today GMCR, AEO, ANN, DECK etc they were all on the list.
derekrucki
Awesome thanks I will check that out! I made a scan to find these on TOS but sometimes it doesn't pick up stocks and today it didn't so me DECK. Does finviz update live quotes for free or does it only do updates at the market open and close or something like that with the free membership option?
It updates them all day long, not real time, delayed 10-15 min I think but it's useful for gathering ideas. I use it every day religiously and probably 90% of my picks come from it. lol
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Really good trade I am shocked I didnt see this chart when I was scanning that is some great consolidation before the breakout. Well done