I thought it would have one more run in it. Should have cut my position sooner.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-19 11:31:49 | INSM | buy | $19.220 | long |
2014-06-19 11:53:56 | INSM | sell | $19.020 | 0 |
lunch time mini flags never work very rarely its always the short spot
LUNCHTIME CRACK!
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To extended intraday. It ran from 17 to 19.50 with no real pullback. That is a red flag for me not to jump in this trade until it pullback and consolidating for a while.