Day long consolidation play. I would have rather it waited until around 2pm to pop. Knowing it was too early for a big run I took quick profits when it stalled out. Gonna keep a watch on it for Monday since it ended pretty strong.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-14 13:22:51 | JRJC | buy | $7.250 | long |
2014-11-14 13:26:46 | JRJC | sell | $7.400 | long |
2014-11-14 13:31:42 | JRJC | sell | $7.405 | long |
2014-11-14 13:31:42 | JRJC | sell | $7.410 | 0 |
You made money on this but it is not a daylong consolidation play a daylong consolidation plate means it has to be consolidating all day this stock has actually been going up higher and higher since 11 AM if anything it's a daylong trending play
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Nice catch.