Shared by
SuperM
1mn Bull Flag 9EMA Trend
After taking a closer look at the ASPS play, I realized that I bought a two tapper, I should of waiting longer for the stock to consolidate and get closer to its VWAP.
1mn Bull Flag 9EMA Trend.
Note: Quick Pullback Long STOP LOD will work best buy at 37 with 1.90 risk. After messing up the ASPS buy early in the morning, I wanted to wait in the afternoon, if I can possibly nail a day long consolidation play. After ASPS brokeout of the flag, I bought it when up, but on low volume. It tap 40 a couple of times, but it was not sustainable, so I sold for a scratch. I also got bored with it and sold, I didn't want to wait until the end of the day.
Note: 10/30/15 ASPS ORB in the morning, the only second opportunity trade this was on bounce to VWAP or strong price support for a bounce after a pullback. The rest of the day ORB intraday usually fade all day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-07-23 10:30:09 | ASPS | buy | $39.719 | long |
| 2015-07-23 10:30:12 | ASPS | buy | $39.606 | long |
| 2015-07-23 10:30:12 | ASPS | buy | $39.635 | long |
| 2015-07-23 10:37:45 | ASPS | sell | $40.190 | long |
| 2015-07-23 10:40:03 | ASPS | sell | $39.715 | long |
| 2015-07-23 10:43:35 | ASPS | sell | $39.960 | 0 |
| 2015-07-23 11:10:32 | ASPS | buy | $40.770 | long |
| 2015-07-23 11:10:36 | ASPS | buy | $40.763 | long |
| 2015-07-23 11:11:05 | ASPS | buy | $40.778 | long |
| 2015-07-23 11:21:25 | ASPS | sell | $39.880 | long |
| 2015-07-23 11:21:29 | ASPS | sell | $39.840 | long |
| 2015-07-23 11:21:29 | ASPS | sell | $39.850 | long |
| 2015-07-23 11:21:29 | ASPS | sell | $39.824 | long |
| 2015-07-23 11:21:29 | ASPS | sell | $39.830 | 0 |
| 2015-07-23 14:20:41 | ASPS | buy | $39.800 | long |
| 2015-07-23 14:20:41 | ASPS | buy | $39.800 | long |
| 2015-07-23 14:20:41 | ASPS | buy | $39.800 | long |
| 2015-07-23 14:20:51 | ASPS | buy | $39.804 | long |
| 2015-07-23 14:22:20 | ASPS | sell | $39.830 | long |
| 2015-07-23 14:41:05 | ASPS | sell | $39.970 | long |
| 2015-07-23 14:57:20 | ASPS | sell | $39.675 | long |
| 2015-07-23 15:01:55 | ASPS | sell | $39.877 | long |
| 2015-07-23 15:03:21 | ASPS | sell | $39.700 | 0 |
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