Shared by:
ToqueX
Grade=C
The setup: flag
The result: I like the entry here. I caught it with EMA support and it was a tidy setup. I got the move I was looking for and scaled out. A wider stop could have netted me more upside, but I wasn't sure if it would get over 9.80, so I bailed with the rest of my position.
The lesson: Keep doing this kind of trade and maybe keep a smaller amount at the end for "lotto" and ride out more of the chop with a move like this in a low-float momentum stock.
Execution detail:
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