Shared by
Boston
This was a very clean trade that I'm glad I was patient for. I liked this stock because of how it traded and how it felt. I already made a little on it earlier in the morning so I had a little cushion. I was that it double topped but when it pulled back it was making a higher low and holding the MAs and VWAP. It then started to form an ascending triangle which is probably my favorite setup. I started scaling in until the breakout spot. It then started to consolidate which is a healthy sign and I let it ride for as long as I could. Since I was red on the day because of over trading VSTM, I took some profits early, but that let me ride out the rest a little. This was a really clean trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-07-07 10:44:55 | SORL | buy | $8.120 | long |
| 2017-07-07 10:55:53 | SORL | buy | $8.149 | long |
| 2017-07-07 11:16:03 | SORL | buy | $8.220 | long |
| 2017-07-07 11:16:05 | SORL | buy | $8.220 | long |
| 2017-07-07 11:34:49 | SORL | sell | $8.310 | long |
| 2017-07-07 11:49:05 | SORL | sell | $8.380 | long |
| 2017-07-07 11:51:08 | SORL | sell | $8.440 | long |
| 2017-07-07 11:54:01 | SORL | sell | $8.400 | long |
| 2017-07-07 12:05:49 | SORL | sell | $8.501 | 0 |
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