Shared by
MAllum_BOWS
Gap up on the daily. Got it for a long with 200 shares (risk-adjusted size). Got faked out by the downward spike next candle and took my max loss. Got back in when it seemed to be continuing upward. Doubled my position in the range expecting it to breakout to the upside.
Very happy with how I called out here my number of shares on each sell was just right. Took $1 profit on first 200 shares, $2 on the next 100 shares and 50 on the red candle. got stopped out on the final 50 but I had raised my stop level to above my buy price so I still profited.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-10 09:39:34 | NUGT | buy | $115.890 | long |
| 2016-06-10 09:41:18 | NUGT | sell | $114.680 | 0 |
| 2016-06-10 09:50:18 | NUGT | buy | $116.780 | long |
| 2016-06-10 10:00:29 | NUGT | buy | $116.580 | long |
| 2016-06-10 10:01:22 | NUGT | sell | $117.760 | long |
| 2016-06-10 10:04:24 | NUGT | sell | $118.410 | long |
| 2016-06-10 10:07:02 | NUGT | sell | $118.290 | long |
| 2016-06-10 10:17:36 | NUGT | sell | $117.280 | 0 |
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