Shared by
Boston
I can honestly say I traded this stock like shit today... My first entry was no good because the stock wasn't ready. On the 5 min chart, this didn't look like anything yet, just an under developed flag. I got long when it popped meaning I was chasing and took a loss.
My second entry would have been really nice IF I wasn't chasing all the way up the entire move... This caused my average to be really high and I had to sell fast when the stock started pulling back to not make a green trade turn into a red trade. This is ALL because I chased...
The 4th setup was a no setup because it was another under developed flag and it just died.
Then the last setup was good because it was actually rounding, bouncing off support so I jumped in with small size and got back some losses. I sold some at the highs and stopped out for the rest.
Overall, a yes setup, but I traded it like shit... Biggest mistakes were chasing, and getting in before the setup was formed.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-15 09:54:19 | SORL | buy | $5.820 | long |
| 2017-05-15 09:54:20 | SORL | buy | $5.840 | long |
| 2017-05-15 09:55:16 | SORL | sell | $5.830 | long |
| 2017-05-15 09:55:27 | SORL | sell | $5.710 | 0 |
| 2017-05-15 10:01:44 | SORL | buy | $5.650 | long |
| 2017-05-15 10:03:50 | SORL | buy | $5.720 | long |
| 2017-05-15 10:06:06 | SORL | buy | $5.770 | long |
| 2017-05-15 10:06:19 | SORL | buy | $5.950 | long |
| 2017-05-15 10:07:12 | SORL | buy | $6.050 | long |
| 2017-05-15 10:08:12 | SORL | sell | $6.040 | long |
| 2017-05-15 10:08:16 | SORL | sell | $6.070 | long |
| 2017-05-15 10:08:24 | SORL | sell | $6.060 | long |
| 2017-05-15 10:08:28 | SORL | sell | $6.070 | long |
| 2017-05-15 10:09:34 | SORL | sell | $5.950 | 0 |
| 2017-05-15 10:12:22 | SORL | buy | $6.040 | long |
| 2017-05-15 10:12:45 | SORL | buy | $6.070 | long |
| 2017-05-15 10:14:18 | SORL | sell | $5.900 | 0 |
| 2017-05-15 10:17:30 | SORL | buy | $5.970 | long |
| 2017-05-15 10:17:32 | SORL | buy | $5.980 | long |
| 2017-05-15 10:18:16 | SORL | sell | $6.130 | long |
| 2017-05-15 10:19:00 | SORL | sell | $5.980 | 0 |
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