Squeeze play. There had been multiple taps of the $20.17 area and the stock was basing under that but above a rising 5 min 20sma. With that in mind I longed 100 for the squeeze, with a target of $20.50. My target was clearly too low but the r/r was favorable at that point and since I only had 100 shares I just decided to take it. I should have taken 300-400 shares on this and sold half/quarters so I could have ridden out the whole trade and made it a $500 trade instead of a $33 trade. Made $33.21.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-10-25 12:44:39 | DFT | buy | $20.170 | long |
2012-10-25 13:13:35 | DFT | sell | $20.502 | 0 |
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