Shared by
ckz8780
Took me two tries, but finally got this bitch to run, lol. I tried to get in at the $8.5 break, could not get filled, then again at the $9.0 break the first time, could not get filled. Finally decided to anticipate the $9 break and mistimed it the first time with 500 shares (a little too heavy for this stock). On the 2nd anticipation trade I went lighter with 200, so I was able to hold through a bit of consolidation if required, then doubled up when it was finally ready for a $9.017 average, and sold the last off at a high of $9.38. Nicely managed flag breakout after the initial mistimed entry.
Final (successful) number was 400 shares
+$92.74 net
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-30 11:44:33 | VNDA | buy | $9.000 | long |
| 2013-05-30 11:44:33 | VNDA | buy | $8.990 | long |
| 2013-05-30 11:55:12 | VNDA | sell | $8.960 | 0 |
| 2013-05-30 12:15:05 | VNDA | buy | $8.996 | long |
| 2013-05-30 12:58:05 | VNDA | buy | $9.030 | long |
| 2013-05-30 12:58:05 | VNDA | buy | $9.050 | long |
| 2013-05-30 13:11:41 | VNDA | sell | $9.240 | long |
| 2013-05-30 13:14:07 | VNDA | sell | $9.385 | long |
| 2013-05-30 13:17:14 | VNDA | sell | $9.320 | 0 |
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Good job. This was a play from your "have faith" article. awesome :)