daily breakout; intraday consolidation plays
1st trade: significant move up so need to let it settle. hit stop.
2nd trade: late entry at 4.95 and hit stop. ideal entry was 4.9 with 1% stop.
Kunal/other, was this high probability setups? would you trade this stock?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-15 09:46:46 | RVLT | buy | $4.930 | long |
2013-07-15 09:46:46 | RVLT | buy | $4.930 | long |
2013-07-15 09:46:47 | RVLT | buy | $4.930 | long |
2013-07-15 09:47:59 | RVLT | sell | $4.840 | long |
2013-07-15 09:47:59 | RVLT | sell | $4.840 | 0 |
2013-07-15 09:55:24 | RVLT | buy | $4.950 | long |
2013-07-15 09:55:27 | RVLT | buy | $4.950 | long |
2013-07-15 09:55:51 | RVLT | buy | $4.950 | long |
2013-07-15 09:55:53 | RVLT | buy | $4.950 | long |
2013-07-15 09:59:28 | RVLT | sell | $4.880 | long |
2013-07-15 09:59:35 | RVLT | sell | $4.870 | long |
2013-07-15 09:59:36 | RVLT | sell | $4.870 | long |
2013-07-15 09:59:37 | RVLT | sell | $4.870 | 0 |
here's another RVLT trade by a different dude:
http://www.tradervue.com/shared/trades/516125
thx for pointing out the support on the bottom. If we connect 1 min from the top, I would also have better entry. still need ~1% stop loss to make it work. Yes, I did see Ryan's trade also.
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notice the perfect support trendline down there...draw it on the 1 minute chart off those bottoms/lows. looks like that support uptrend line held up for a long time, until it finally cracked later right at about 5