BITA Trade on Mar 18, 2015 10:16 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

My plan for this trade was to watch for a continuation after bouncing at 46.70. I was looking to enter early on a flag under 50.29 resistance anticipating a breakout. I began scaling in 50 shares at 50.12 while it was forming a tight coil with the EMAs riding up underneath. I continued to scale in as support was holding with 100 shares at 50.24, 100 at 50.17, and 100 at 50.35 when it broke resistance. I sold half my position (175 shares) at 51.09. I wanted to book some profits here because it had been grinding up for a while with little to no consolidation. I was way to impatient with my next sell. I only waited another candle before selling off 100 shares at 51.14. There was no reason to sell here. When the stock looked like it was stalling out and the 9 EMA was beginning to flatten I sold the remaining 75 shares at 51.37. It popped up right after for a hot second before dumping below the EMAs.


Execution detail:

Date/time Symbol Side Price Position
2015-03-18 10:16:20 BITA buy $50.120 long
2015-03-18 10:26:51 BITA buy $50.240 long
2015-03-18 10:30:16 BITA buy $50.170 long
2015-03-18 10:47:35 BITA buy $50.350 long
2015-03-18 12:06:17 BITA sell $51.090 long
2015-03-18 12:20:55 BITA sell $51.140 long
2015-03-18 13:15:22 BITA sell $51.370 0


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