I had this on watch for a break out of the daily wedge descending trend line. Volume was thin, but I figured I'd get it early for any potential move in the afternoon. Then, when that volume came in, I had to lock up a solid profit. Perfect trade thesis and execution with very solid risk/reward. I'll keep on watch for another entry this afternoon if it holds range and offers another setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-04-06 10:43:00 | NEGG | buy | $6.835 | long |
2022-04-06 11:34:00 | NEGG | sell | $7.501 | 0 |
Thanks. And, yes...I was risking $6.65, so pretty safe trade even if it didn't work out compared to the potential. I prefer these types of setups, because as in this one, I was pretty much green the entire time...so stress free!
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Early bird eats GOODDDD!!!!!! Most times waiting for vol is even more of a risk because before u turn around stock be up high already. I love the strategy. Nice trade.... congrats!
I am new though. Just want to learn from the community here.