Bought the first flag in the morning as it looked to be making a breakout on the daily. Scaled out of this nicely. Tried my luck again when I thought it was bull flagging later in the day but it went no where and I got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-03 09:57:46 | GOGO | buy | $18.660 | long |
2015-03-03 10:04:58 | GOGO | sell | $19.000 | long |
2015-03-03 10:13:42 | GOGO | sell | $19.220 | 0 |
2015-03-03 11:27:42 | GOGO | buy | $19.350 | long |
2015-03-03 11:34:40 | GOGO | sell | $19.260 | 0 |
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I was watching this stock as well. I like your entry and your scaling out. Your second buy was only the second tap near HOD. Remember stocks gain power the more times they test a certain area and this didn't have much power to break out again when you bought it the second time.