Shared by
ckz8780
Sloppy intraday flag breakout with nice profit but sloppy trading. I chased the first entry a lot and so I sold sold half and then was forced to get out flat on the second half since my entry sucked. Entry on that trade should have been around $6.00. The second entry was much better with a stop under $6.10 (10c risk). The third entry was also sloppy as I had probably 15c risk and took only 10-12c gain. To play this correctly, I should have been entering originally at $6, selling half into the $6.40s and half into the $6.60s. Overall it just needed better control. Rather than scalping 3x I should have just entered at the correct price and had patience to let this trade work. It would have been much more profitable.
1000/2000/2000 shares
+$522.48 (1.95%, 3.70%, 1.71%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-14 10:19:22 | FU | buy | $6.140 | long |
| 2013-10-14 10:19:22 | FU | buy | $6.130 | long |
| 2013-10-14 10:19:22 | FU | buy | $6.130 | long |
| 2013-10-14 10:19:22 | FU | buy | $6.130 | long |
| 2013-10-14 10:23:31 | FU | sell | $6.260 | long |
| 2013-10-14 10:23:31 | FU | sell | $6.260 | long |
| 2013-10-14 10:24:41 | FU | sell | $6.140 | 0 |
| 2013-10-14 11:12:16 | FU | buy | $6.220 | long |
| 2013-10-14 11:12:16 | FU | buy | $6.210 | long |
| 2013-10-14 11:40:46 | FU | sell | $6.380 | long |
| 2013-10-14 11:40:46 | FU | sell | $6.370 | long |
| 2013-10-14 11:52:36 | FU | sell | $6.450 | long |
| 2013-10-14 12:04:26 | FU | sell | $6.320 | 0 |
| 2013-10-14 12:34:20 | FU | buy | $6.440 | long |
| 2013-10-14 12:34:20 | FU | buy | $6.420 | long |
| 2013-10-14 12:41:33 | FU | sell | $6.530 | long |
| 2013-10-14 13:05:08 | FU | sell | $6.460 | long |
| 2013-10-14 13:05:08 | FU | sell | $6.460 | 0 |
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