Shared by:
WesleyR_BOWS
SIM DAY #17
Shares Traded (Day): 7,800
Closed P&L (Day): $2,199.50
Trades from Thursday of this past week.
I was 2 for 2 on my trades this day. $TSLA was by far the better setup and execution of the play. $NFLX I feel as though I forced when I shouldn't have. Should have waited for a better entry and reason to get in.
Shares traded: 3,800 (TSLA only)
Closed P&L: $1,734.00 (TSLA only)
After the price had dropped during the open, I waited for a consolidation/flag to get into the stock. I noticed a really nice flag forming on the 5-minute candle chart. I got into the stock short, anticipating the break of the flag. As the price continued to bounce back and forth within the flag, I sold some shares for profits, then added them back as price jumped back to the higher side of the flag. Did this a few times throughout the flag to already gain some profits, while raising my avg price at the same time. Then got some huge profits as the price finally broke the flag support and I scaled out all the way down.
Execution detail:
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