Shared by
Boston
I was trading this on the 1 min chart and watching the 5 min. It was gapping up into a resistance level and I was looking for a flag that would build at that level and potentially break out. My first entry was too early and I broke one of my rules of longing into resistance. The second trade was a little early, but I saw a flag forming. on the 1 min and also on the 5 min. It was flagging right at the resistance level and had a nice pop. I didn't let it ride and took profits way too early. My winners should be a lot bigger if I would just let them ride and actually hit my profit targets.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-20 09:35:33 | NKTR | buy | $19.150 | long |
| 2017-03-20 09:36:58 | NKTR | sell | $19.350 | long |
| 2017-03-20 09:37:57 | NKTR | sell | $19.600 | long |
| 2017-03-20 09:39:49 | NKTR | sell | $19.530 | long |
| 2017-03-20 09:41:17 | NKTR | sell | $19.260 | 0 |
| 2017-03-20 09:49:28 | NKTR | buy | $19.590 | long |
| 2017-03-20 09:49:37 | NKTR | buy | $19.670 | long |
| 2017-03-20 09:49:52 | NKTR | sell | $19.570 | long |
| 2017-03-20 09:56:26 | NKTR | sell | $19.870 | long |
| 2017-03-20 09:57:01 | NKTR | sell | $20.150 | long |
| 2017-03-20 10:05:54 | NKTR | sell | $19.780 | 0 |
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