orb/flag. i sold my orb play with a 314 gain. i took another 1000 shares when it started to flag. stop was initially it it made a new low for the flag. it broke under, made a new low, i changed my stop to the 9ema. it broke the ema and i got stopped out for -66. i broke a rule, moving a stop, and the market punished me for it.
my third trade was a revenge trade (also something you shouldn't do. there wasn't a plan for the trade. took a .15 loss. i decided to keep the sgy's chart up, it looks to be flagging. should've stayed in the run a lot longer, i only took half of it.
my last trade. the intraday flag started to look like a flat top, so i planned on waiting for it to pullback. it broke out of the flat top range. i got scared out, i was torn between a flag breakout (it would've broke out) or a flat top (it would've pulled back, made a higher low). I played the flat top and anticipated a pullback. so i sold for a .11 loss. it had signs of strength, so i decided to play the flag now.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-08-19 09:35:34 | SGY | buy | $13.690 | long |
2016-08-19 09:38:47 | SGY | sell | $13.930 | long |
2016-08-19 09:39:12 | SGY | sell | $14.070 | long |
2016-08-19 09:40:21 | SGY | sell | $14.090 | 0 |
2016-08-19 09:41:37 | SGY | buy | $14.130 | long |
2016-08-19 09:45:02 | SGY | sell | $13.750 | 0 |
2016-08-19 10:18:07 | SGY | buy | $13.950 | long |
2016-08-19 10:25:47 | SGY | sell | $13.800 | 0 |
2016-08-19 10:47:24 | SGY | buy | $14.220 | long |
2016-08-19 10:48:55 | SGY | sell | $14.110 | 0 |
2016-08-19 10:49:11 | SGY | buy | $14.170 | long |
2016-08-19 10:52:54 | SGY | sell | $14.590 | long |
2016-08-19 10:55:16 | SGY | sell | $14.630 | 0 |
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