Shared by
Emilie_BOWS
Daily: breaking above downtrend line, potential bounce
Intraday: VWAP bounce
My entry was too high, too far from support so it took a long time for the stock to reach my first target. I scaled out 2/3 and exit just before the nasty drop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-22 10:44:55 | SNAP | buy | $21.739 | long |
| 2017-03-22 12:32:24 | SNAP | sell | $22.240 | long |
| 2017-03-22 12:50:46 | SNAP | sell | $22.100 | 0 |
Comments
Emilie_BOWS
Thank you. Flag setups are fairly simple, you can find many videos on YouTube. However, you really need a lot of practice trading them to eventually learn how to recognize the pattern quickly, to pick the good setups and to avoid the bad ones. I don't mentor anyone but I'm always happy to share my knowledge and learn from other traders.
I find that countertrend trading is much more difficult and only a small number of traders can do that very successfully. It's great that you are profitable with that style. I'd love to learn about your strategies.
My email is emilienguyenca@gmail.com.
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Hi Emilie, rockstar entries. Love those flag breakouts don't you ;-) haha. I'm a profitable trader but on the contrarian side. Basically 90% of my trades are countertrend reversal trades. I'm looking to up my game by adding trend trades to my setups. Where is a good place to learn these setups or do you mentor/collaborate? Maybe my strategies would supplement yours?
-Mirek Knopp, San Diego. Cheers.