Shared by
Boston
I really liked the daily chart on this stock and was anticipating a big move today because there was some volume that was picking up. It spiked in the morning and then started to pull back. I started my position on the pullback on the 1 min chart. I then added when I saw this stock forming a flat top flag. I was anticipating this stock to breakout big because of the base breakout pattern on the daily, and the flag/base breakout intraday. I sold half when I started to lose confidence in the setup because it was taking too long and started to look weird. I then got stopped out the rest when it broke down and the breakout failed.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-28 09:41:43 | PTX | buy | $4.320 | long |
| 2017-03-28 09:41:44 | PTX | buy | $4.310 | long |
| 2017-03-28 09:41:56 | PTX | buy | $4.310 | long |
| 2017-03-28 09:42:40 | PTX | buy | $4.310 | long |
| 2017-03-28 10:03:33 | PTX | buy | $4.400 | long |
| 2017-03-28 10:03:37 | PTX | buy | $4.410 | long |
| 2017-03-28 11:05:40 | PTX | sell | $4.450 | long |
| 2017-03-28 11:38:23 | PTX | sell | $4.410 | 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!