It had a pre-market gap-up on the daily and tested the 200MA right of the open.
Took my first entry as it tested the VWAP, at first it seemed to hold but later broke thru.
The next entry i shouldn't have taken. I should have stopped out and waited for a pattern to emerge.
But as it started to build a base at 20 on the 3 & 5 min and a flag, i added yet some more near the base and set a stop at 19.96.
And then i held on waiting for a flag breakout and a re-test of HOD.
It had a small breakout, but i didn't sell into it as i was waiting for that re-test of HOD...
As the flag breakout failed, it came back down to re-test the support at 20 again and broke thru violently. Right there i realized i had canceled the stop that i had set earlier, and i liquidated my position as i hit my daily max drawdown.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-09 09:35:37 | WBAI | buy | $20.300 | long |
2015-07-09 09:39:03 | WBAI | buy | $20.480 | long |
2015-07-09 10:08:05 | WBAI | buy | $20.100 | long |
2015-07-09 11:36:04 | WBAI | sell | $19.670 | 0 |
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