I was looking forward to trading this stock at the open, but it didn't have any setups on the 1 min chart. When this got near and briefly popped over the premarket highs, it started consolidating. I don't like longing into resistance, but since this was over the high, I didn't consider it that. I was watching on both the 1 min and 5 min for a flag setup. It gave me that as an ascending triangle and I got long scaling in at a decent average. I was ready to add when this broke over HOD but it never did and I got out for a reasonable loss. This was still a great trade. Planned well, executed how I wanted to, and followed all my rules.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-07-11 10:55:18 | ARNA | buy | $27.640 | long |
2017-07-11 11:01:35 | ARNA | buy | $27.600 | long |
2017-07-11 11:05:42 | ARNA | buy | $27.670 | long |
2017-07-11 11:07:06 | ARNA | buy | $27.720 | long |
2017-07-11 11:18:28 | ARNA | sell | $27.320 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!