Shared by
EL_BOWS
Gapper. Bought on "pb / flag" (I don't know what to call these, I watched MB do it in one of the webinars). Basically it ripped down on small volume, bounced off the 9 after a strong open, and I bought in with a super-tight stop in case it turned. Sold 1/3 into spike.
Re-entered as it flagged. Sold two times into spikes.
Re-entered again as it flagged again on decreasing volume. This flag was sloppier. Got stopped out of this chunk as it broke down below the previous low (5 candles ago).
Re-entered again as it bounced and re-cracked the 9EMA, stopped out of all remaining positions when it continued down past 9EMA.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-10 09:43:18 | FRAN | buy | $20.780 | long |
| 2014-01-10 09:54:33 | FRAN | sell | $21.440 | long |
| 2014-01-10 10:05:03 | FRAN | buy | $21.440 | long |
| 2014-01-10 10:13:49 | FRAN | sell | $21.700 | long |
| 2014-01-10 10:34:47 | FRAN | sell | $22.250 | long |
| 2014-01-10 10:56:09 | FRAN | buy | $22.500 | long |
| 2014-01-10 11:01:47 | FRAN | sell | $22.230 | long |
| 2014-01-10 11:02:20 | FRAN | buy | $22.270 | long |
| 2014-01-10 11:04:09 | FRAN | sell | $22.120 | long |
| 2014-01-10 11:05:59 | FRAN | sell | $22.070 | 0 |
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