Shared by
pstark89
I was trying to catch the first flag on this after it gapped up. My first entry was too early because I was buying using the 3 min timeframe. I switched to 5 min and saw that it had more room to fall. So I doubled up on what looked like support on the five min. Covered partial when it popped at first but saw that it had no follow through so covered flat.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-13 10:09:14 | ELGX | buy | $13.450 | long |
| 2016-06-13 10:20:48 | ELGX | buy | $13.360 | long |
| 2016-06-13 10:31:50 | ELGX | sell | $13.460 | long |
| 2016-06-13 10:42:36 | ELGX | sell | $13.370 | 0 |
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