Two trades. First one was a small -$10 loss and the second one was flat.
CERS had good news on the evening of December 16th. I bought, because the price was holding the 9EMA and I saw $6.00 as additional support. I set the stop at $5.99. Instead it dropped down to yesterday's resistance, before continuing to the upside.
First trade I exited early with a $10.00 loss. I exited simply because I didn't like how the pattern was forming and how it didn't break out right away.
Then I changed my mind and entered again. It looked like the price was breaking out, but when it failed, I got out flat. Good idea that I did.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-18 10:05:00 | CERS | buy | $6.040 | long |
2014-12-18 10:16:00 | CERS | sell | $6.020 | 0 |
2014-12-18 10:21:00 | CERS | buy | $6.040 | long |
2014-12-18 10:39:00 | CERS | sell | $6.040 | 0 |
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I see your setup, just wasn't ready.