I was watching this one from the open and missed that first tiny bear flag, I was pissed. Gave it a little time to snuggle up to the EMAs and form another flag. I scaled out on the first flush and kept 1/4 position for lotto. It set up another flag right under the EMAs so I went back all in and scaled that one on the flushes. $8 was an old high and giving some good support so I set my stop at .10, not wanting to give too much back if it didn't flush. Small risk, huge gain, tailored my position constantly by resetting my stops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-06 11:10:20 | TA | sell | $8.560 | short |
2013-08-06 11:10:20 | TA | sell | $8.560 | short |
2013-08-06 11:10:20 | TA | sell | $8.560 | short |
2013-08-06 11:10:23 | TA | sell | $8.550 | short |
2013-08-06 11:10:24 | TA | sell | $8.550 | short |
2013-08-06 11:10:24 | TA | sell | $8.550 | short |
2013-08-06 11:10:24 | TA | sell | $8.550 | short |
2013-08-06 11:17:42 | TA | buy | $8.420 | short |
2013-08-06 11:17:42 | TA | buy | $8.410 | short |
2013-08-06 11:17:42 | TA | buy | $8.410 | short |
2013-08-06 11:17:42 | TA | buy | $8.410 | short |
2013-08-06 11:21:51 | TA | buy | $8.290 | short |
2013-08-06 11:21:51 | TA | buy | $8.290 | short |
2013-08-06 11:21:51 | TA | buy | $8.290 | short |
2013-08-06 12:15:10 | TA | sell | $8.270 | short |
2013-08-06 12:15:10 | TA | sell | $8.270 | short |
2013-08-06 12:15:10 | TA | sell | $8.270 | short |
2013-08-06 12:48:13 | TA | buy | $8.100 | short |
2013-08-06 12:48:13 | TA | buy | $8.100 | short |
2013-08-06 12:48:13 | TA | buy | $8.100 | short |
2013-08-06 12:48:18 | TA | buy | $8.100 | short |
2013-08-06 12:48:19 | TA | buy | $8.100 | short |
2013-08-06 12:50:18 | TA | buy | $8.050 | short |
2013-08-06 13:12:38 | TA | buy | $8.100 | 0 |
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