Shared by
JRockTrades
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BB has been in-play with some of the other meme stocks. I was looking for setups and BB was consolidating just above VWAP. The chart looked slightly more bullish and it was possible to take a position with very minimal risk. I was able to buy the very bottom of the consolidation range.
Plan was to sell half at the top of the consolidation range to cover risk and then repurchase if it came back to my entry. If not, then piece out the remaining 50% above the range at increasing targets. I was able to hold to my targets because I saw continued strength with BB having mini-breakouts above the trading range. Final target was $1 above entry at which point BB would be approximately at 1 ATR. All profit targets were achieved.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-07 10:29:14 | BB | 100 | $14.750 | 100 |
| 2021-06-07 10:30:18 | BB | -50 | $14.930 | 50 |
| 2021-06-07 10:32:41 | BB | -5 | $14.990 | 45 |
| 2021-06-07 10:33:20 | BB | -5 | $15.042 | 40 |
| 2021-06-07 10:35:18 | BB | -5 | $15.100 | 35 |
| 2021-06-07 10:58:48 | BB | -5 | $15.200 | 30 |
| 2021-06-07 10:59:13 | BB | -5 | $15.250 | 25 |
| 2021-06-07 11:31:48 | BB | -5 | $15.253 | 20 |
| 2021-06-07 11:33:11 | BB | -10 | $15.340 | 10 |
| 2021-06-07 11:37:27 | BB | -5 | $15.489 | 5 |
| 2021-06-07 11:41:24 | BB | -1 | $15.540 | 4 |
| 2021-06-07 11:42:00 | BB | -1 | $15.600 | 3 |
| 2021-06-07 11:44:07 | BB | -1 | $15.640 | 2 |
| 2021-06-07 11:46:33 | BB | -1 | $15.700 | 1 |
| 2021-06-07 11:48:07 | BB | -1 | $15.750 | 0 |
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