Shared by
BDaniel_BOWS
-Recap: Day 2 of earnings move, gapped up over $77.25 daily resistance and had room to go to $80. Flagged in the morning and entered on trendline break, sized in for ~75-cents of risk, and ~$1.60 reward, or 2.1R. Retraced and popped again but didn't continue on. Rose stop and got stopped. Ended up putting in a nice flattop breakout and running to $79.80.
-Pros: Stalked the trendline break. Nice PT.
-Improve: Seems like a good entry, just didn't work. Made its move later in the day - might be more common with Day 2's.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-16 10:00:40 | VRSN | buy | $78.400 | long |
| 2016-02-16 10:26:04 | VRSN | sell | $78.040 | 0 |
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