Shared by
Boston
I liked this because the stock was gapping over previous day's high and formed a flag on the 1 min chart. The setup looked decent on the 5 min so the trade was definitely worth it. The entry on this was perfect, the only problem I needed to fix on this trade was sell with limit orders not market orders.
The spread on this was pretty wide, so exiting the position gave me bad fills with market orders. My target was HOD, but I basically sold half my position for a few pennies profit. The other half I had decent exits, but I wasted half the position by using market orders.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-19 09:43:59 | SORL | buy | $7.500 | long |
| 2017-05-19 09:44:14 | SORL | buy | $7.520 | long |
| 2017-05-19 09:44:19 | SORL | buy | $7.520 | long |
| 2017-05-19 09:44:39 | SORL | sell | $7.570 | long |
| 2017-05-19 09:44:42 | SORL | sell | $7.600 | long |
| 2017-05-19 09:45:37 | SORL | sell | $7.700 | long |
| 2017-05-19 09:45:44 | SORL | sell | $7.650 | long |
| 2017-05-19 09:45:51 | SORL | sell | $7.680 | long |
| 2017-05-19 09:46:08 | SORL | sell | $7.590 | 0 |
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