Shared by
sk6345
Flag breakout on the daily. price had been trending down until the midday when it break above its ma's and ran up before consolidation. I figured it wouldn't need to retest the vwap because the volume was the highest it had been so far that day and it was just starting it's upward trend. So I entered into the flag. Sold half into the spike. Sold the second half into what I thought would be a deep pullback, given price had already ran up so much.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-02-08 12:12:00 | EXEL | buy | $21.110 | long |
| 2017-02-08 12:24:00 | EXEL | sell | $21.480 | long |
| 2017-02-08 12:30:00 | EXEL | sell | $21.500 | 0 |
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