Shared by
Boston
This stock looked like it had a bull flag on the 1 min, but I wasn't paying attention and this was trading by $0.05 every time it made a new tick. I hate trading these stocks so once it started going against me, I got out because I broke my rules of trading a stock that moves like this. Later in the day it had a nice flat top breakout on the 5 min chart, but I still wouldn't have traded it because that would be breaking my rules.
Looking at this now, there was a resistance level I was longing into which is another reason this might now of worked out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-04 09:54:53 | CONN | buy | $10.750 | long |
| 2017-04-04 10:03:59 | CONN | sell | $10.750 | 0 |
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