I was 2/4 on this stock today. The first setup was a 1 min flag that I actually really liked the look of. I got in too early when the setup hadn't really formed yet. I then waited while it consolidated and then added when it broke the HOD. It wasn't holding so I got out for a very small gain.
The next setup was another bull flag that looked like it was holding the range. When it popped up and looked like it was going to break, I got in and it tanked on me which put me red for the day.
The 3rd setup was a really clean bull flag on the 5 min chart. I got in when the stock broke over and made a new 5 min high over the previous candle. After losing the last trade, I went in only with half size on this one and made back the majority of the loss. My scaling in was good, but the scale out was not the best. I scaled out 4 times all around the same price and didn't have a lotto to let it ride.
The 4th setup was another bigger pullback/flag on the 5 min but this one didn't look as clean and didn't look good on the 5 min. There were really big red candles during the pullback which no in hind sight made the setup look weak and bearish. It wasn't a slow pullback, it was lows that kept making lower lows.
The first 3 setups were yes setups, and the 4th setup was a no setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-19 09:33:27 | SNGX | buy | $4.380 | long |
2017-04-19 09:36:15 | SNGX | buy | $4.490 | long |
2017-04-19 09:36:22 | SNGX | sell | $4.550 | long |
2017-04-19 09:36:35 | SNGX | sell | $4.360 | 0 |
2017-04-19 09:42:26 | SNGX | buy | $4.540 | long |
2017-04-19 09:42:30 | SNGX | buy | $4.630 | long |
2017-04-19 09:43:24 | SNGX | sell | $4.360 | 0 |
2017-04-19 09:55:59 | SNGX | buy | $4.340 | long |
2017-04-19 09:58:34 | SNGX | sell | $4.630 | long |
2017-04-19 09:58:41 | SNGX | sell | $4.680 | long |
2017-04-19 09:58:52 | SNGX | sell | $4.720 | long |
2017-04-19 10:00:16 | SNGX | sell | $4.700 | 0 |
2017-04-19 10:40:33 | SNGX | buy | $4.480 | long |
2017-04-19 10:40:45 | SNGX | buy | $4.500 | long |
2017-04-19 10:42:21 | SNGX | buy | $4.500 | long |
2017-04-19 10:42:39 | SNGX | buy | $4.580 | long |
2017-04-19 10:48:30 | SNGX | sell | $4.340 | 0 |
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!