Shared by
Boston
My first entry on this I was a little iffy about the setup so I went in with small size and I saw a different stock setting up so I just got out of the trade for a small loss.
Then, a new 5 min candle formed and changed the whole look of the setup and I got in with bigger size for a long and shortly after it worked out great. I was seeing a flat top flag without the pole. The main reason I was confident in this stock is because it gapped up yesterday but didn't make a huge move.
Today it was gapping up over yesterdays highs so it looked great for a long setup. Obviously in hind sight I could have held a lot longer for a huge gain, but that is not my trading strategy and doesn't fit my personality. I trade mainly on the 1 min chart and keep an eye on the 5 min chart. Great trade, but would have been nice to let a lotto position ride.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-01 10:12:03 | EXAS | buy | $37.040 | long |
| 2017-06-01 10:12:09 | EXAS | buy | $37.040 | long |
| 2017-06-01 10:14:04 | EXAS | sell | $37.000 | 0 |
| 2017-06-01 10:15:44 | EXAS | buy | $37.030 | long |
| 2017-06-01 10:15:59 | EXAS | buy | $37.030 | long |
| 2017-06-01 10:18:47 | EXAS | buy | $37.050 | long |
| 2017-06-01 10:18:50 | EXAS | buy | $37.100 | long |
| 2017-06-01 10:18:52 | EXAS | buy | $37.120 | long |
| 2017-06-01 10:18:59 | EXAS | buy | $37.120 | long |
| 2017-06-01 10:20:15 | EXAS | sell | $37.280 | long |
| 2017-06-01 10:20:17 | EXAS | sell | $37.270 | long |
| 2017-06-01 10:20:21 | EXAS | sell | $37.260 | long |
| 2017-06-01 10:22:48 | EXAS | sell | $37.300 | long |
| 2017-06-01 10:28:04 | EXAS | sell | $37.320 | long |
| 2017-06-01 10:29:23 | EXAS | sell | $37.440 | 0 |
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