I was aiming for a bounce play, I did not time the entry correctly, and was basing it off the previous flag break. Not a bad idea, just bad entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-22 11:39:09 | JRJC | buy | $10.600 | long |
2014-08-22 11:40:31 | JRJC | sell | $10.530 | 0 |
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Same as on DRL. 9.50 to 11.20 = 18% run in a very short amount of time...you want to wait at least an hour or two for it to set up again. Not really worth playing a scalp for ten cents on a stock where the real move will be $1-2