Shared by
Alex_BOWS
Good breakout in the morning and later add on flag brakeout
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-14 09:45:42 | SRPT | buy | $13.170 | long |
| 2013-11-14 10:13:36 | SRPT | buy | $13.540 | long |
| 2013-11-14 10:51:07 | SRPT | sell | $13.780 | long |
| 2013-11-14 10:51:09 | SRPT | sell | $13.780 | long |
| 2013-11-14 11:25:34 | SRPT | sell | $13.900 | 0 |
Comments
Alex_BOWS
Daily could be paly both for sell and for buy. But in the morning i saw that price did not go down and riding 9ma perfectly flagging. So i buy on breakout of that flag - which was confirmed with good volume. Later price broke previous day high and p/b to retest it 13.19 level which was also p/b to 9ma. after level was tested and 9ma also confirmed support and direction i add more on flag breakout
For NTES - there was level 62.88 - which was not broken on premarket - and from the open with big volume price fly away up. I saw first flag - but did not buy because risk was high for me - stop was big. I try buy it later near to 66 level - which was perfectly hold the price. but it did not go. i've got +1 profit.
So - to go long on such stocks depends on some support/resistance leveles and price action.
markmandy54_BOWS
I love how you add to winners to average up. Great habit (i'm trying to develop that habit)
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Question for you: on the 5 min, I was drawing a downtrend resistance line from 12:25pm previous day, the first green candle you see above to that red shooting start (tweezer) at about 3pm ish and extend to yesterday that big green candle with tails on both head and tail around 9:35ish.. .. woudl YOU buy that candle since it broke this downtrend line Im referring to? U did end up buying 3 candles later, which was stronger confirmation...
2nd question: on the dayily, this is a crappy chart (at least what Im learning from feedback) to go long.. in your opinion, do u share the same thoughts? If so, what factor makes it worthwhile to go long when daily shows a "horrible declining stock".. I went long yesterday on NTES and learn it was a bad play b/c daily had no setup.. I learn from that, but find Im getting more confused! lol.. ur feedback is appreciated.