Shared by
mirko_BOWS
Entered the trade for the fist time on the flag breakout intraday but did not sell on the pop thinking it could go higher. Exited flag and then reentered on the second flag breakout, but no go.
Unfortunately, I was not aware of the big resistance overhead on the daily and the stock become overextended intraday as well. Also, bought it at the lunch time and did not have patience to see it follow through which it did in the end.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-15 11:20:20 | JRJC | buy | $7.040 | long |
| 2014-01-15 11:20:20 | JRJC | buy | $7.040 | long |
| 2014-01-15 11:20:21 | JRJC | buy | $7.040 | long |
| 2014-01-15 11:48:30 | JRJC | sell | $7.030 | long |
| 2014-01-15 11:48:30 | JRJC | sell | $7.030 | 0 |
| 2014-01-15 12:19:50 | JRJC | buy | $7.180 | long |
| 2014-01-15 12:20:16 | JRJC | buy | $7.160 | long |
| 2014-01-15 12:20:16 | JRJC | buy | $7.160 | long |
| 2014-01-15 12:20:16 | JRJC | buy | $7.160 | long |
| 2014-01-15 12:20:17 | JRJC | buy | $7.150 | long |
| 2014-01-15 13:16:28 | JRJC | sell | $7.070 | long |
| 2014-01-15 13:20:15 | JRJC | sell | $7.100 | long |
| 2014-01-15 13:20:15 | JRJC | sell | $7.100 | 0 |
Comments
mirko_BOWS
Yes it was Sayed and my mind was on a right place. Found the setup but got in too early (during the freaking lunch time) and lost my patience after couple of hours holding it stucked in that narrow range.
So pissed on myself for missing it :/
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This one was perfect all day consolidation and eod run play.Look how range was became narrower until 20 EMA caught up and boom!