Shared by
Boston
This stock was over extended on my first entry so it was a bad trade already.
On the second entry, it just wasn't clean. I don't like how it made a lower low, that is showing me a sign of weakness so that was also a bad entry.
The main reason this wasn't a strong setup was because on the daily chart, yes it was breaking out over a big level, but leading up to that breakout, it didn't consolidate very long so it still looked over extended. Then intraday, the flags were over extended.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-28 10:56:49 | SPWR | buy | $9.830 | long |
| 2017-06-28 10:56:54 | SPWR | buy | $9.830 | long |
| 2017-06-28 10:57:10 | SPWR | buy | $9.840 | long |
| 2017-06-28 11:01:14 | SPWR | sell | $9.890 | long |
| 2017-06-28 11:02:38 | SPWR | sell | $9.830 | 0 |
| 2017-06-28 11:43:13 | SPWR | buy | $9.740 | long |
| 2017-06-28 11:44:32 | SPWR | buy | $9.780 | long |
| 2017-06-28 11:44:40 | SPWR | buy | $9.780 | long |
| 2017-06-28 11:44:49 | SPWR | buy | $9.780 | long |
| 2017-06-28 12:03:30 | SPWR | sell | $9.800 | long |
| 2017-06-28 12:05:46 | SPWR | sell | $9.750 | 0 |
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