Shared by
Gavin_Stosiek
Reason For Entry
Saw this on gap up didn't want to get in too early thats when I tend to lose so I watched the 15min chart saw it start to hold at $4.30-$4.20 level. Entered with 150 initially then added another hundred on the dip so averaged out 250 shares at $4.24. Then I sold 100 into the spike then took profits as it seemed to slow a little. I then say it start to flag and bought in at $4.25 again as that was previous support and the MA and VWAP were coming up underneath. Caught a nice 25-30 cent move scaled out, could have held longer but I'd rather be green than red.
Lesson Learned
Same as previous lesson learned, trading a 15 min or higher chart helps me slow down and have the confidence in what I'm seeing.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-30 10:31:25 | RGSE | buy | $4.270 | long |
| 2017-01-30 10:31:25 | RGSE | buy | $4.270 | long |
| 2017-01-30 10:38:47 | RGSE | buy | $4.170 | long |
| 2017-01-30 10:42:52 | RGSE | sell | $4.440 | long |
| 2017-01-30 10:46:52 | RGSE | sell | $4.310 | long |
| 2017-01-30 10:47:07 | RGSE | sell | $4.280 | 0 |
| 2017-01-30 11:05:22 | RGSE | buy | $4.250 | long |
| 2017-01-30 11:15:22 | RGSE | sell | $4.500 | long |
| 2017-01-30 11:17:37 | RGSE | sell | $4.550 | 0 |
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