Shared by
Boston
I took a bad first entry on this stock. The premarket had a flat top where I was anticipating this to pop over and make a spike right out of the gate, but that is not my strategy and not one of my setups. So that right there was a bad trade.
On my second trade, this is the setup I should have been patiently waiting for. It formed a pennant pattern and I got long when this was breaking out. I added when this was breaking over HOD thinking it could move higher, but when it didn't immediately, I bailed and took my profits.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-29 09:30:23 | SPEX | buy | $3.350 | long |
| 2017-06-29 09:30:36 | SPEX | buy | $3.449 | long |
| 2017-06-29 09:30:43 | SPEX | sell | $3.280 | 0 |
| 2017-06-29 09:36:31 | SPEX | buy | $3.240 | long |
| 2017-06-29 09:37:05 | SPEX | buy | $3.490 | long |
| 2017-06-29 09:37:48 | SPEX | sell | $3.550 | long |
| 2017-06-29 09:38:12 | SPEX | sell | $3.451 | 0 |
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