Shared by
tombro
I must have been thinking...A pullback on a flag breakout. Yeah sure. Maybe its a flag of a flag breakout? Maybe.......
The real stupidity of this trade is that I was looking at this stock yesterday, and noticed this stock is very whippy around $4.
Since 9/10 when it came down below $4 from it's early Sept spike, It has been close or breached $4 10-12 times but only able to close above it once ($4.01) Not that it has to close above $4 to make money long, but it might be a good trade to be on the same side as the people spanking it down and causing those spikes.....until it's not.
I can't short it in TOS, but going long may not be a great trade.
So yeah, this was a real idiot move
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-28 11:55:00 | VGGL | buy | $3.910 | long |
| 2014-11-28 11:58:50 | VGGL | sell | $3.860 | 0 |
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It needed to break back above $4 and hold to get moving. Seller were in control and drove it back down.