Good entry but what a boring, slow moving stock. I really don't like $2 stocks.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-10 13:34:52 | ACFN | buy | $2.440 | long |
2014-06-10 13:46:43 | ACFN | sell | $2.470 | long |
2014-06-10 13:49:26 | ACFN | sell | $2.520 | long |
2014-06-10 14:14:59 | ACFN | sell | $2.500 | long |
2014-06-10 14:21:45 | ACFN | sell | $2.480 | 0 |
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Nice trade, and very nice scale-out, in all the right places. But don't harsh on $2 stocks! :)
JK. $2-$5 is actually my sweet spot right now - it's where I make most of my profit. They usually move slow in terms of cents per minute change, but the low price allows me to get in with higher volume (or, when I'm doing it properly, to get in with moderate volume, and scale up if it goes my way). Just have to be careful not to get into a stock that's too thin (which I used to do at least once a day, but I'm getting better at avoiding now).