In the attempt to recover from my losses, this stock held support and began to curl upwards. I entered a long position with a stop at 10.30. Once it broke above the first major resistance at 10.50 I scaled out 100 shares. It spiked up again and I scaled out another 100. Once it started to get closer to 11 I knew at some point it was going to hit heavy resistance and either consolidate or drop back down before the market ended. Once it hit the 10.90 mark I just took the rest of my shares. As predicted, the stock spiked a little bit passed 11 and dropped back down before the market closed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-16 14:07:19 | LNCO | buy | $10.390 | long |
2014-12-16 15:14:11 | LNCO | sell | $10.630 | long |
2014-12-16 15:19:46 | LNCO | sell | $10.720 | long |
2014-12-16 15:46:31 | LNCO | sell | $10.900 | 0 |
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Like your entry. Good job.