Shared by
Boston
On the 1 min chart, I saw this stock started to build a flag. You could tell on the 5 min chart as well and it also gapped up today with some volume picking up. As soon as it started to break the base of the flag, I got in and let it ride. I could have held longer and let it ride out more, but still a decent trade. Something I should work on is scaling out farther apart. My winning trades should be a lot bigger.
On this trade though, the p/l ratio was very good. The daily chart also had a flat top breakout setup that this broke out of.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-20 09:56:54 | CTRV | buy | $1.620 | long |
| 2017-03-20 09:57:31 | CTRV | buy | $1.640 | long |
| 2017-03-20 09:57:40 | CTRV | buy | $1.640 | long |
| 2017-03-20 10:00:36 | CTRV | sell | $1.730 | long |
| 2017-03-20 10:01:23 | CTRV | sell | $1.720 | long |
| 2017-03-20 10:02:12 | CTRV | sell | $1.710 | long |
| 2017-03-20 10:05:08 | CTRV | sell | $1.790 | long |
| 2017-03-20 10:06:46 | CTRV | sell | $1.740 | 0 |
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