Profit/(Loss) With Commission: -------------------------------- ($35.00)
Details:
Intraday range break/Mini Flag, 700 shares. On the intraday chart this stock ran to $8.21 early in the morning. It then fell and bounced into this small flag. Over the previous hour the price had touched $8.13 twice and $8.12 four times so I bought at $8.10 during the second candle to touch $8.13, in anticipation of a breakout and a run back to the high of the day. This was a very low risk trade with a five cent stop, but the setup on the daily was weak and the market was flat so it failed to break out. I stopped at $8.05 for a 5 cent loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-04-20 11:01:44 | AMD | buy | $8.100 | long |
2012-04-20 11:23:59 | AMD | sell | $8.050 | 0 |
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