Shared by
Goku_BOWS
Daily Setup : flat top breakout, not traditional flat top consolidation, but a clear level on a momentum name.
Intraday : No real setup on the first trade, but would've missed the move otherwise. It was holding up very well and volume picking up, entered in anticipation of the breakout. I then added on the ORB with continued strength.
Tried a couple more times on the pullbacks. Shaken out on the second trade after it remounted the VWAP and 9EMA. Third attempt worked well, I gave the stop some room in light of the first shakeout. I gave to the bottom of the ignition bar 5/6 candles earlier.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-05 09:35:53 | MUDS | buy | $17.450 | long |
| 2021-05-05 09:35:53 | MUDS | buy | $17.450 | long |
| 2021-05-05 09:43:24 | MUDS | buy | $17.920 | long |
| 2021-05-05 09:48:31 | MUDS | buy | $18.100 | long |
| 2021-05-05 09:53:43 | MUDS | sell | $18.460 | long |
| 2021-05-05 09:54:43 | MUDS | sell | $18.680 | long |
| 2021-05-05 10:19:43 | MUDS | buy | $18.300 | long |
| 2021-05-05 10:19:43 | MUDS | buy | $18.300 | long |
| 2021-05-05 10:23:09 | MUDS | sell | $17.950 | long |
| 2021-05-05 10:23:09 | MUDS | sell | $17.960 | long |
| 2021-05-05 10:23:09 | MUDS | sell | $17.960 | 0 |
| 2021-05-05 10:35:02 | MUDS | buy | $18.318 | long |
| 2021-05-05 10:35:02 | MUDS | buy | $18.320 | long |
| 2021-05-05 11:09:44 | MUDS | sell | $18.700 | long |
| 2021-05-05 11:38:34 | MUDS | sell | $18.020 | 0 |
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