Earnings Breakout. The conference call was in the morning though. I was trying to buy the dip and I was waiting for the Day-long Consolidation breakout, but it broke down instead. At least I bought a dip this time and I didn't try to enter an exact breakout which has failed me so many times.
Looking forward to comments on if there were any signs on whether it was going to break up or down? Thanks!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-20 11:40:00 | MAGS | buy | $5.830 | long |
2014-11-20 12:53:00 | MAGS | sell | $5.690 | 0 |
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Daylong consolidation play happens after lunch