I was 4/4 on this today. Although the accuracy was high, I didn't hold on to as long as I should of on some of these trades. The first trade I got long for the ORB breaking over the HOD. This was a nice scalp to start the day. This stock gave me another opportunity when it pulled back on the 1 min and made a new high on a 1 min candle giving me another easy long signal to scalp.
The 3rd entry wasn't the cleanest, but on the 5 min, it was pulling back and bouncing off MAs and the VWAP. So my stop was very clear and I was just seeing how this could move and I went in with small size.
The 4th entry was by far my favorite, but I did NOT play it well at all. It was a very clean bull flag on the 5 min chart. My average was really good because I was scaling in up until it broke out. The only problem was that I was trading this still on the 1 min chart so I took my profit way too early. This stock ran a lot higher and if I was looking at the 5 min chart, I would have been able to ride this a lot higher for a bigger profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-05 09:32:10 | OLED | buy | $104.600 | long |
2017-05-05 09:32:26 | OLED | sell | $105.500 | long |
2017-05-05 09:32:28 | OLED | sell | $105.600 | long |
2017-05-05 09:32:37 | OLED | sell | $106.150 | long |
2017-05-05 09:32:42 | OLED | sell | $105.200 | 0 |
2017-05-05 09:38:43 | OLED | buy | $106.250 | long |
2017-05-05 09:39:06 | OLED | buy | $106.350 | long |
2017-05-05 09:39:25 | OLED | buy | $106.650 | long |
2017-05-05 09:40:11 | OLED | sell | $107.300 | long |
2017-05-05 09:40:19 | OLED | sell | $107.800 | long |
2017-05-05 09:40:51 | OLED | sell | $107.600 | long |
2017-05-05 09:41:20 | OLED | sell | $107.050 | 0 |
2017-05-05 10:00:41 | OLED | buy | $106.450 | long |
2017-05-05 10:03:29 | OLED | sell | $107.700 | long |
2017-05-05 10:03:40 | OLED | sell | $107.450 | long |
2017-05-05 10:07:29 | OLED | sell | $108.300 | long |
2017-05-05 10:16:29 | OLED | sell | $107.250 | 0 |
2017-05-05 10:27:13 | OLED | buy | $107.750 | long |
2017-05-05 10:27:46 | OLED | buy | $108.100 | long |
2017-05-05 10:29:21 | OLED | buy | $108.600 | long |
2017-05-05 10:36:49 | OLED | sell | $109.450 | long |
2017-05-05 10:37:23 | OLED | sell | $109.750 | long |
2017-05-05 10:39:24 | OLED | sell | $109.800 | long |
2017-05-05 10:43:15 | OLED | sell | $109.700 | long |
2017-05-05 10:45:48 | OLED | sell | $109.650 | 0 |
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