Shared by
parkergreen
Got in too early thinking it was going to ORB, and it did go up slightly, but I held waiting for the bigger move. Got stopped out as it broke through the 9. Remounted as it remounted vwap and the ema's and got stopped out later in the day when it failed to breakout. My mistake with this trade is that I didn't adapt to the current conditions. I held the stock for hours waiting for a breakout that never came. I should have got out, and monitored the stock for a good entry instead of having my capital tied up in a stock that did nothing. If it doesn't work and I have to keep re-drawing the flag, it didn't work and I should have gotten out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-10 09:38:52 | MNST | buy | $153.430 | long |
| 2016-05-10 09:41:02 | MNST | sell | $152.540 | 0 |
| 2016-05-10 09:42:26 | MNST | buy | $153.400 | long |
| 2016-05-10 10:02:02 | MNST | buy | $152.900 | long |
| 2016-05-10 13:46:14 | MNST | sell | $153.000 | 0 |
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