I made $48.76 profit on this. I exited, because there was some resistance around that level, I had made twice the amount of my risk and I didn't want to lose any of it. I would've made a lot more if I had held through that "scary" pullback though. I would've shorted the other top at noon aswell, but I wasn't around.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-19 10:04:00 | CERS | sell | $6.810 | short |
2014-12-19 10:07:00 | CERS | buy | $6.720 | short |
2014-12-19 10:08:00 | CERS | buy | $6.710 | short |
2014-12-19 10:12:00 | CERS | buy | $6.690 | short |
2014-12-19 10:13:00 | CERS | buy | $6.710 | 0 |
damn thats a perfect entry smooth..
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Nice catch on the double top pattern, but follow the trend. This stock was making lower highs all day. No reason to cover so early...http://screencast.com/t/iZcaqeB3b