One of my biggest profits so far, although still not a BIG profit. $53.75 profit with a $25 risk or 250 shares. I entered anticipating the flag breakout intraday and it happened. Scaled out when I hit my 2:1 reward-to-risk goal. Scaled out the other half, because stock didn't continue with momentum and I wanted to lock in at least $50 in profits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-02 09:53:00 | VGGL | buy | $4.600 | long |
2014-12-02 10:06:00 | VGGL | sell | $4.780 | long |
2014-12-02 10:11:00 | VGGL | sell | $4.850 | 0 |
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I think 4.7% profit is pretty damn good!