Shared by
andrewb_bows
MAGS had a strong gap to the upside. It was pushing the $6 resistance and forming a flag intraday. I waited for it to form higher lows and purchased with anticipation of a breakout. It did spike to new highs, but couldn't hold the breakout level. If I was being aggressive I would have sold just over $6 because it should have support and strong follow through. I am happy with the play it just didnt work, but I managed it well.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-20 10:36:08 | MAGS | buy | $5.990 | long |
| 2014-11-20 10:53:30 | MAGS | sell | $5.930 | long |
| 2014-11-20 10:53:46 | MAGS | sell | $5.925 | long |
| 2014-11-20 10:53:47 | MAGS | sell | $5.920 | long |
| 2014-11-20 10:53:47 | MAGS | sell | $5.923 | 0 |
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