I watch 18 tickers every day, all at the same time. I had 2 specific tickers I had my Flex Grids pulled up for, specifically to concentrate on those 2 for opening bell. MOMO and BZUN. (So although I watch 18 tickers....for the opening bell, I was only watching those 2 to see if I could catch an opening play)
This took off way too far, too fast for me to jump in at the open, it almost moved $1.50 on the first candle. That being said,after the huge move up...
This is my set up, the consolidation it had after that giant opening...the fact that it flagged, then I got in on the breakout. We flew past 28.5, then the next candle was a doji which means indecision.
Indecision is fine as long as we decide to do what I want to do (right?) so I waited that out and held until the next candle to see...what IS the decision?
That next red candle might not look like it, but that 1 candle is .47 cents tall. So we had the doji indecision, then the next candle we pulled back more than half the green candle I got in on.
I am morning trading, so basically scalping, I don't have time to let things consolidate for another 30 minutes, so I jumped out with a .10 cent profit.
Considering this thing was pushing up and down .50 cents at a time in split seconds, I was a little sketched out so I took my profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-08-23 10:16:40 | BZUN | buy | $28.300 | long |
2017-08-23 10:23:40 | BZUN | sell | $28.400 | 0 |
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