Forming a flag and added more when flag was formed. Waiting for an intraday breakout. Set a price alert to notify me when it breaks out and set the stop. Let it rock and stopped out,
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-10 10:35:39 | MNST | buy | $153.200 | long |
2016-05-10 11:08:31 | MNST | buy | $153.600 | long |
2016-05-10 13:46:14 | MNST | sell | $153.000 | 0 |
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The gap up went right into daily resistance. That was tough. How different would your overall trading results be if you only added to your position when there was a new pattern, rather than just at the top of a pattern?