Shared by
precisemmc
Just a rough trade on the 5m saw it forming what appeared to be a CUP. At around 14:40 I saw some decent volume come in and a strong 5 min flag. This on paper looked like a break out attempt or at the very least a small move upwards. I bough 1000 shares, again breaking my rules for 500 until sure of the move.
The stock failed to break out but started forming what appeared to be a channel of sort Bouncing off the 3.14 level, it was squeezing and I anticipated a breakout. Unfortunately I was stopped out and shortly after a spike up to 3.50 came in. It happens!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-12-08 14:43:31 | DPW | buy | $3.250 | long |
| 2017-12-08 14:46:24 | DPW | sell | $3.350 | long |
| 2017-12-08 14:50:04 | DPW | buy | $3.200 | long |
| 2017-12-08 15:31:25 | DPW | sell | $3.110 | long |
| 2017-12-08 15:31:25 | DPW | sell | $3.110 | long |
| 2017-12-08 15:31:25 | DPW | sell | $3.119 | 0 |
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