Shared by
Emilie_BOWS
Daily: earnings breakout
Intraday: bull flag/VWAP
I took entry on the bull flag after it bounced off VWAP nicely, scaled out along the way up. As it was flagging near HOD for some time, I added on HOD break for EOD move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-20 10:15:15 | SCSS | buy | $31.050 | long |
| 2017-04-20 10:49:45 | SCSS | buy | $31.400 | long |
| 2017-04-20 12:01:09 | SCSS | sell | $32.240 | long |
| 2017-04-20 13:06:49 | SCSS | sell | $32.750 | long |
| 2017-04-20 14:35:58 | SCSS | buy | $32.810 | long |
| 2017-04-20 15:19:23 | SCSS | sell | $33.170 | 0 |
Comments
Emilie_BOWS
2017-04-21 02:23:12
It was just a slight pullback after the breakout. It was not unexpected to me. I didn't raise my stops.
When you trade flag breakout long enough you'll see those pullbacks happen quite often.
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After it went to $31.80 and pulled back harshly, what were you thinking?
Did you raise your stops at all by this point for all of your position or for at least the second add you had?
I traded this on the consolidation and missed the vwap entry but when it couldn't get past $31.80 which was also a level from the daily from prior years I figured it was done and got out for flat but instead of course it ended up going a lot higher.