Supermomo, low float
Intraday: bull flag, VWAP bounce, triple tap
Entries:
- First entry when it was flagging above VWAP and rising 9 EMA, still under previous day high but very close to breaking above the lower high (~17). Stop under $16.
- Second entry when it came back to test VWAP and $20 level. Stop under $19.
- Third entry when it formed a triple tap, higher low flag setup and started to break $30 which would likely lead to new highs and more short coverings.
I think I missed an entry on the flag break around $23. I was trading scared.
Huge spreads, very volatile but holding trend quite well. I believe trading was halted at least once. I couldn't even watch it because of extreme volatility, basically just tried to hold on and stay in the trade as long as possible.
No real target.
Sold 1/2 at 22, 1/3 at 25, put 1/2 back at VWAP, 2/3 at 30, put all back then sold the rest at 42.
Stop: used 9/20 EMA as a guide
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-14 10:11:58 | DRYS | buy | $16.680 | long |
2016-11-14 10:36:32 | DRYS | sell | $22.000 | long |
2016-11-14 10:59:40 | DRYS | sell | $24.890 | long |
2016-11-14 11:57:45 | DRYS | buy | $20.500 | long |
2016-11-14 13:22:37 | DRYS | sell | $30.000 | long |
2016-11-14 14:44:24 | DRYS | buy | $30.080 | long |
2016-11-14 15:14:27 | DRYS | sell | $42.000 | 0 |
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great execution!!