Daily: Rubberband short
Intraday: Flag breakdown
Entry: $9.94
Stop: $10.20
1st Target: $9.50 (yesterday's high)
Gain: $596 (15%)
Stock opened green and I entered trade when it went red for the day and broke an intraday flag. Took my first profit when stock dropped below my first target and scaled out whenever I thought it would get too extended. This was one of my best trades so far with a huge gain. The only thing I could have done better is to add shares when it broke a second flag around $9.
Execution detail:
Well done!
Textbook.
Thanks guys!
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Beautiful entry and scaleouts, you really nailed this