Shared by
Boston
I saw this stock was rounding a made a spike upward. I let this flag on the 1 min chart and scalped it for a little gain. It was a good entry because I let it give me confirmation before I got in the trade. My exits were good on this trade.
Even though everything looked ok with this setup, it's still a no setup because I longed it into the VWAP which can often be a huge resistance level. This was not one of my setups. Those little short 1 min flags are to be used at the open only withing the first 45 min of the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-24 10:59:02 | ZAIS | buy | $3.460 | long |
| 2017-03-24 10:59:11 | ZAIS | sell | $3.560 | long |
| 2017-03-24 10:59:48 | ZAIS | sell | $3.630 | long |
| 2017-03-24 11:07:10 | ZAIS | sell | $3.570 | long |
| 2017-03-24 11:11:14 | ZAIS | buy | $3.660 | long |
| 2017-03-24 11:11:19 | ZAIS | buy | $3.670 | long |
| 2017-03-24 11:11:24 | ZAIS | buy | $3.720 | long |
| 2017-03-24 11:12:36 | ZAIS | sell | $3.730 | long |
| 2017-03-24 11:16:52 | ZAIS | sell | $3.630 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!