Day 2
I bought PLNR on the quick retest of the $6.6 breakout area. Got filled at $5.56 with the intention it should regain .7 quickly and confirm the overall break out. The stock failed to do so and I got out at near break even. It took this stock a while to develop today. I am happy with the trade and the way I handled it, very manageable just didn't work. Lots of stocks had failed moves earlier in the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-06 09:59:47 | PLNR | buy | $6.550 | long |
2014-11-06 09:59:47 | PLNR | buy | $6.550 | long |
2014-11-06 09:59:47 | PLNR | buy | $6.550 | long |
2014-11-06 10:05:05 | PLNR | sell | $6.580 | long |
2014-11-06 10:05:15 | PLNR | sell | $6.570 | 0 |
Higher lows all day. The up trend was there..http://screencast.com/t/0cIX8kwcCv
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u had the right idea stock was just stuck gapped so hard...