Shared by
kylejensen34_BOWS
Daily Setup: Morning gap over resistance
Intraday Setup: Morning bounce off of 9EMA
Entry: $6.27 Target: $6.60 (6.35) Stop: $6.20 r/r: 4:1
Detail: Bought after confirmation of bounce off of 9EMA and sold first 1/3 into VWAP resistance. Covered last 2/3 at buy price.
Takeaway: If I would have been more patient, I could have squeezed out more profit but it could have just as easily completely turned around. Profits on 1/3 is alright with me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-04 10:10:13 | EXTR | buy | $6.270 | long |
| 2013-11-04 10:21:21 | EXTR | sell | $6.350 | long |
| 2013-11-04 10:21:51 | EXTR | sell | $6.270 | 0 |
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