Shared by
Boston
I saw an ABCD pattern on the 1 min chart. I added half in anticipation and the another half when it broke the previous high. I liked this setup because it went from red to green, then the MAs started to curl under on both the 1 min and 5 min chart, the stock provided me with a really small risk to put my stop, and this was over the VWAP. This was also breaking out over a big resistance level on the daily chart. One thing I could have done better is wait longer to scale out of my position. I sold half at only a 1:1 ratio.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-27 10:25:20 | SNAP | buy | $23.430 | long |
| 2017-03-27 10:28:44 | SNAP | buy | $23.480 | long |
| 2017-03-27 10:28:45 | SNAP | buy | $23.480 | long |
| 2017-03-27 10:34:03 | SNAP | sell | $23.560 | long |
| 2017-03-27 10:36:43 | SNAP | sell | $23.640 | long |
| 2017-03-27 10:36:46 | SNAP | sell | $23.640 | long |
| 2017-03-27 10:37:02 | SNAP | sell | $23.650 | long |
| 2017-03-27 10:42:22 | SNAP | sell | $23.720 | long |
| 2017-03-27 10:44:01 | SNAP | sell | $23.770 | 0 |
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