I hit this for a quick orb flat top at the open. I got out too early though because the pop was a little delayed and not as fast as it usually is when I take this setup. I could have been a little more patient, but that's all hind sight.
I then hit this stock again for the bull flag breakout, but when I got it, I was chasing and my stop was far away. It was too over extended on the 1 min chart by the time it got to the breakout level. I had to get out immediately because I broke my rules of chasing.
I hit it a 3rd time when the base was holding and there was a little bit of confirmation by a small green candle. I almost got stopped out because I didn't put the stop behind the last low, but that's because it was just a wick. I did stick to my stop though and the trade turned around a few minutes later and broke out of the flag. I got out for a nice win, but on the 5 min chart, in hind sight I could have let this run. My last lotto position, my stop was a little too close and this could have ran.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-06 09:35:05 | AKTX | buy | $14.760 | long |
2017-04-06 09:35:20 | AKTX | buy | $14.850 | long |
2017-04-06 09:35:50 | AKTX | sell | $15.050 | long |
2017-04-06 09:35:57 | AKTX | sell | $15.040 | long |
2017-04-06 09:36:08 | AKTX | sell | $15.140 | long |
2017-04-06 09:36:18 | AKTX | sell | $14.810 | 0 |
2017-04-06 09:56:13 | AKTX | buy | $15.680 | long |
2017-04-06 09:57:03 | AKTX | sell | $15.550 | 0 |
2017-04-06 10:04:19 | AKTX | buy | $15.550 | long |
2017-04-06 10:04:26 | AKTX | buy | $15.600 | long |
2017-04-06 10:08:20 | AKTX | sell | $16.300 | long |
2017-04-06 10:08:44 | AKTX | sell | $16.430 | long |
2017-04-06 10:10:59 | AKTX | sell | $16.330 | long |
2017-04-06 10:12:22 | AKTX | sell | $15.850 | 0 |
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