A messy flag setup occurred and I entered a long position with a mental stop at $18.15. The stock spiked up and began to consolidate so I scaled out some shares. I thought a flat top breakout would occur but it never broke out. The stock started to reverse and once it got near my entry I exited my position. I should've scaled out a little earlier since there were a lot of red volume bars.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-16 09:44:57 | CIEN | buy | $18.250 | long |
2014-12-16 09:56:30 | CIEN | sell | $18.380 | long |
2014-12-16 10:08:47 | CIEN | sell | $18.280 | 0 |
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