I went long CZR on a long controlled pullback to around its consolidation/breakout area of the morning. It was basing on VWAP at $13.5 so when it lost that and flushed I timed a bottom with a .1 stop. I was looking for a quick rebound then basing for move back up to $13.7-$14. Entered 700 shares at $13.3 and got a quick reaction up to .5 but I was to slow to sell. I entered 500 to sell at .49 and ended up only getting 100 taken, The goal was to take profits then let it play out add to it. After we tested the .25 area and held for a second time I did not want a 3rd test. So when we couldnt push above VWAP I sold back at even and the stock continued to base and try to bottom retesting multiple times. I think the trade was okay, didnt get the reaction I wanted yet tried to give it a chance. Later in the day it came back to claim .25 and I didnt take the trade, clearly that was the winner for a test of $14.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-12 13:27:28 | CZR | buy | $13.310 | long |
2014-11-12 13:27:29 | CZR | buy | $13.302 | long |
2014-11-12 13:27:29 | CZR | buy | $13.302 | long |
2014-11-12 13:27:29 | CZR | buy | $13.304 | long |
2014-11-12 13:48:21 | CZR | sell | $13.500 | long |
2014-11-12 13:50:13 | CZR | sell | $13.320 | 0 |
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I would have hit that later again.