Shared by
Boston
Daily: Earnings Gap Up
Intraday: Flat top bull flag 5 min: I got in a little early when I thought this made a higher low bouncing off the MAs and VWAP but I was wrong. Luckily since I went in with small size, I was able to have a wider stop. Then when the real bounce happened I added with a stop below low and VWAP. I was expecting a move a to $26.80 or higher and we just didn't see the follow through. The setup and catalyst were there, just didn't happen this time.
I made an accident when scaling out. I wanted to sell half at my first exit, but I accidentally sold 2/3, but it worked in my favor in this case. Rest stop above clear support and a little higher than entry.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-07-25 10:45:34 | SWFT | buy | $26.480 | long |
| 2017-07-25 10:56:02 | SWFT | buy | $26.460 | long |
| 2017-07-25 10:58:12 | SWFT | buy | $26.500 | long |
| 2017-07-25 11:24:07 | SWFT | sell | $26.690 | long |
| 2017-07-25 11:24:14 | SWFT | sell | $26.670 | long |
| 2017-07-25 11:54:21 | SWFT | sell | $26.540 | 0 |
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