I got lucky on this trade. I had intended to short this stock but Think or Swim did not have any borrows. Wanting to be in a stock with such a large range I went long as the stock was flagging with the 9 EMA riding underneath. This was a very risky trade and could have easily resulted into a substantial loss considering my position size and stop-loss placement. Luckily, a top had not yet been formed and I sold off my shares into the spike above the flag. At this point in the day I was purely trading to make up for my losses in the morning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-19 10:34:15 | EGRX | buy | $38.400 | long |
2015-02-19 10:55:33 | EGRX | sell | $39.520 | long |
2015-02-19 11:08:55 | EGRX | sell | $39.020 | long |
2015-02-19 11:09:03 | EGRX | sell | $39.210 | 0 |
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