Shared by
MAllum_BOWS
YRD was a pre-market gapper with a nice clean daily chart, no resistance above. Maybe looking at it now, this trade wasn't worth the squeeze since it ran up so much for the day already, but the daily chart was clean so I figured it had space to move still.
I think I had a good entry in the consolidation range in a nice flag above the 20MA. Took a conservative number of shares so as not to repeat yesterday's greed & over-excitement. YRD moved up but I didn't take profits because it only moved up 30 cents. Was stopped out when it broke under the 20MA. I had raised my stop limit order to above my buy price so I got a Very small profit.
Had an alert set for & I tried to get back in on the breakout above $19.10 at 3pm but my Buy orders now kept getting rejected. I don't know what's going on.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-07-13 10:03:07 | YRD | buy | $18.760 | long |
| 2016-07-13 10:22:47 | YRD | sell | $18.840 | 0 |
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