Shared by
jeffyeungBOWS
orb/flag/range play. first trade; orb/flag failed. it held support and kept making higher lows, so i took a position in anticipation that it would bounce back into HOD. at the time, i was waiting for the flag to consolidate, so i was playing the back and forth range of the consolidation.
while playing this name, i was waiting for a flag breakout. i took my last position because i thought it had consolidated enough and range was tight. i sold because i had second thoughts on whether it was a flag breakout or a flat bottom breakdown. i sold my position just in time before it broke down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-09-01 09:36:44 | DUST | buy | $43.280 | long |
| 2016-09-01 09:37:10 | DUST | sell | $42.950 | 0 |
| 2016-09-01 09:41:11 | DUST | buy | $42.800 | long |
| 2016-09-01 09:41:30 | DUST | buy | $42.750 | long |
| 2016-09-01 09:45:20 | DUST | sell | $43.070 | long |
| 2016-09-01 09:48:20 | DUST | sell | $42.720 | 0 |
| 2016-09-01 09:54:55 | DUST | buy | $42.690 | long |
| 2016-09-01 09:55:06 | DUST | buy | $42.700 | long |
| 2016-09-01 09:58:21 | DUST | sell | $42.730 | 0 |
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