Play: Flag
Stock ran in the morning, was patient for pb for it to form a base. When it started running, I got in for HOD as target. Took some off the table as it was stalling and as per my rules. No follow through and got out when it cracked the 9ema.
Reasons to sell: time, spike, 9ema crack
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-08 10:27:29 | JRJC | buy | $8.400 | long |
2014-12-08 10:35:24 | JRJC | sell | $8.480 | long |
2014-12-08 10:53:27 | JRJC | sell | $8.330 | 0 |
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Thought this one would go as well, but it did the exact same thing it did Thursday. Pop hard at the open then fade the rest of the day.