Stock was flagging on the daily, and was gapping up in the morning. I entered on a intraday three candle sideways flag and sold off shares. The last shares that I held should have been sold off sooner as it was lunch time and the stock was going to have a deep pullback.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-21 10:32:16 | ADXS | buy | $9.210 | long |
2016-03-21 10:51:10 | ADXS | sell | $9.460 | long |
2016-03-21 12:40:32 | ADXS | sell | $9.350 | long |
2016-03-21 15:17:36 | ADXS | sell | $9.330 | 0 |
Really nice daily chart. I think your plan before the open has to be to play that daily flag trend break, which coincided perfectly with the break of the intraday flag formed by previous days close. I think you could have been in much earlier on this one, with a stop below 8.20 (yesterdays flag bottom).
Ivo, Stop was at 9.10, Lawrence I never even thought about entering the play at the break of the flag from the last day. Deff something to consider and think about. Thank you for the feedback
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where was your stop?