Small profit $14.33. This stock was bouncing off support at $7.80 on the longer term charts and I bought inside the flag. When I had moved my stop to the buy price then I got stopped out. The volume was low on this stock, but I traded a small number of shares so I thought it's okay. My original stop was at $8.04. It was probably too far away. I could've set it at 8.06 (flag held support at $8.07) and I could've had a 2:1 reward to risk at $8.21.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-12 10:19:00 | FOLD | buy | $8.110 | long |
2014-12-12 10:22:00 | FOLD | sell | $8.200 | long |
2014-12-12 10:39:00 | FOLD | sell | $8.100 | 0 |
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