Stock broke out of flag on the daily. Was strong all morning. Bought the flag in the afternoon and scaled out. Kinda wished I was a little more patient and held the last bit until it broke the 9 ema.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-14 12:58:00 | POST | buy | $65.220 | long |
2015-08-14 12:58:00 | POST | buy | $65.310 | long |
2015-08-14 13:00:00 | POST | sell | $65.430 | long |
2015-08-14 13:14:00 | POST | sell | $65.500 | long |
2015-08-14 13:16:00 | POST | sell | $65.600 | 0 |
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Just curios , where was your stop? It seems like it would have been around the ma(20) near $65. You had a 65.26 average and you need at least 65.52 for a 1:1 risk/reward. also you didn't have any resistance on the 5m until around 65.80 and that would have given you a 2:1 risk/reward.
Sell 1/2 at first resistance and let the 2nd 1/2 ride until you break an ma. I learned this the hard way, you need to maximize profits to be profitable in this game.