This was basically the same as MARA. Day 2 play after it had a flag breakout on the daily chart.
It opened weak on the intraday chart and went Red to Green so i got long.
It pulled back and retested a level at 12 from the previous day. This was actually below my intended stop but i gave it some room just in case it held. If i was being 100% disciplined I shouldnt have done this. It increased my risk from 1R to 1.7R. I was lucky it held and i got away with it.
From here it was very slow progress grinding higher building out a long flag pattern. I sold 1/2 my position into the first candle that broke this pattern.
That breakout didnt hold up and it continued to trade sideways again.
I had been trailing my stop loss up under the 20ema so after it started to break down i stopped out on the rest of my shares.
I was expecting more from this but everything seemed to be moving more slowly today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-18 09:34:34 | HUT | buy | $12.260 | long |
2021-10-18 09:34:43 | HUT | buy | $12.310 | long |
2021-10-18 10:31:42 | HUT | sell | $12.740 | long |
2021-10-18 11:15:44 | HUT | sell | $12.500 | 0 |
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