Counter traded this one which does not put me at ease when trading. The flag was present based upon price action but would of liked to see more volume on the run up. My R/R is usually always 2:1 however, on this particular trade it was 3:1. I set a tight stop at $2.36 and was looking to exit at $2.6. Sold half and let the other half run for a short time before locking in gains.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-20 10:30:59 | IBIO | buy | $2.420 | long |
2014-10-20 11:01:04 | IBIO | sell | $2.680 | long |
2014-10-20 11:05:50 | IBIO | sell | $2.710 | 0 |
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