Shared by
Boston
This stock was kind of hard to trade because I was looking for a bull flag setup on the 1 min chart while also keeping an eye on the 5 min. The 5 min chart was holding over a resistance level on the daily and was above the VWAP. The bull flag was a little under developed and needed a couple more 5 min candles to make a big move over 6, but the 1 min chart looked like it was ready to go. I honestly thought this had potential to move to $6.20 or higher. I saw it was stalling at $6.00 so I took half and stopped out the other half breakeven.
Good trade, and good risk management.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-13 09:53:09 | CLNT | buy | $5.650 | long |
| 2017-06-13 09:55:23 | CLNT | sell | $5.600 | 0 |
| 2017-06-13 09:57:10 | CLNT | buy | $5.710 | long |
| 2017-06-13 09:58:14 | CLNT | buy | $5.700 | long |
| 2017-06-13 09:58:38 | CLNT | buy | $5.700 | long |
| 2017-06-13 10:04:46 | CLNT | sell | $5.930 | long |
| 2017-06-13 10:05:31 | CLNT | sell | $5.680 | 0 |
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