Monday:Meant to close before the bell, and couldn't get it to execute in TOS PaperMoney in after hours. I knew I was cutting it close on exiting ARO and GMCR, I had started to close this, but stopped and closed ARO first cuz I thought it may be more the more volatile hold overnight. That was shortsighted tho cuz this position is around 4x bigger.
The other factors that made this easier for me to hold overnight was that the last 2 days, even tho they were down days, they gapped up a little on the open.
Also, I felt it may be nearing a bottom on the 30 min
Tues:Was patient at the open as it traded around yesterday's close. When it thrust up to 139.5 and backed off a little I took 1/2 off, and moved stop to 138.74 thinking if it totally retraced that thrust up it would go even lower.
At 6:59 I moved stop to 139.29.
After it thrust up towards 140.5 and backed off I exited 2nd half.
Mixed emotions on this trade: glad it worked out, but did not go into this trade with the intent of holding overnight
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-24 15:52:10 | GMCR | buy | $138.080 | long |
2014-11-25 09:44:01 | GMCR | sell | $139.340 | long |
2014-11-25 10:05:17 | GMCR | sell | $139.930 | 0 |
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