Shared by
mirko_BOWS
After amazing run up I had this stock on watch for short but it had one more push upwards (before it finally tanked) where I entered the trade on the flag breakout. Did not scale out since the market was choppy, otherwise could profit event more.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-22 13:39:26 | PRKR | buy | $7.040 | long |
| 2013-10-22 13:39:28 | PRKR | buy | $7.040 | long |
| 2013-10-22 13:39:31 | PRKR | buy | $7.040 | long |
| 2013-10-22 13:39:34 | PRKR | buy | $7.040 | long |
| 2013-10-22 13:39:37 | PRKR | buy | $7.040 | long |
| 2013-10-22 13:39:39 | PRKR | buy | $7.040 | long |
| 2013-10-22 14:11:56 | PRKR | sell | $7.180 | long |
| 2013-10-22 14:11:56 | PRKR | sell | $7.180 | 0 |
Comments
tomr_BOWS
Nice entry!. Any reason you didn't take an entry when it broke an earlier flag around 11:30am?
mirko_BOWS
Hi Tom,
No special reason, the flag just did not look really nice to me at the time :)
@Mark:
I did not want to scale out but just to take the profit once it reached my target since the market was choppy.
bjstrade9_BOWS
Nice work Mirko, great entry and smart sell with the stock being extended like that.
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Nailed it. Work on selling partials.