Missed the flat top break out! $0.50 move in 15 minutes. $FORD is one of the top %age movers in NASDAQ today. I saw a flag pattern and there looked to be good support at $1.26. I bought in at $1.29, set my stop at $1.26 for a loss of $150 if I get stopped out. I figured the target is around $1.37 since the last green 5 minute candle went up $0.08. So the reward to risk ratio is 8:3. Once the stock started moving up, I reset my stops so I would be in the green if the stock moved down. I moved my target to $1.35 and sold for a profit. The spike did go up to $1.38 but I think I squeezed a good amount out of this trade. I need to try and scale out of my positions to see if I can get more out of my trades. Did a second trade since the same setup is still valid. This time, I only got a partial fill. Sold some on the way up and the rest on the way down for a small profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-25 11:18:26 | FORD | buy | $1.290 | long |
2015-08-25 11:18:26 | FORD | buy | $1.290 | long |
2015-08-25 11:18:27 | FORD | buy | $1.290 | long |
2015-08-25 11:18:27 | FORD | buy | $1.290 | long |
2015-08-25 11:18:37 | FORD | buy | $1.290 | long |
2015-08-25 11:18:38 | FORD | buy | $1.288 | long |
2015-08-25 11:18:38 | FORD | buy | $1.290 | long |
2015-08-25 11:18:38 | FORD | buy | $1.290 | long |
2015-08-25 11:18:38 | FORD | buy | $1.289 | long |
2015-08-25 11:18:38 | FORD | buy | $1.290 | long |
2015-08-25 11:26:56 | FORD | sell | $1.359 | long |
2015-08-25 11:26:56 | FORD | sell | $1.359 | long |
2015-08-25 11:26:56 | FORD | sell | $1.350 | long |
2015-08-25 11:26:56 | FORD | sell | $1.350 | long |
2015-08-25 11:26:56 | FORD | sell | $1.350 | long |
2015-08-25 11:26:56 | FORD | sell | $1.350 | 0 |
2015-08-25 12:05:29 | FORD | buy | $1.290 | long |
2015-08-25 12:09:44 | FORD | sell | $1.360 | long |
2015-08-25 12:10:09 | FORD | sell | $1.310 | 0 |
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