I went long pretty early, anticipating a 1 dolla holla. In hindsight, the stock was a bit extended on the daily lowering the probability of a sustained breakout of $1.00. My risk was fairly low with a stop at 0.9054 so I took the gamble. I entered within the flag in the morning, scaling in 2000 shares at 0.9375 and 2000 at 0.9376, just before it spiked. I scaled out 1000 shares into the spike, getting filled at 0.9828. I held on through the second flag and scaled out another 1000 at 1.03. The breakout wasn't sustained and I sold off the remaining 2000 shares at 0.9797 when it broke below the 9 and 20 EMA. It tested the 1.02 level once more right after, but made a lower high and dumped into the close.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-09 11:01:41 | ABIO | buy | $0.9375 | long |
2015-03-09 11:28:54 | ABIO | buy | $0.9376 | long |
2015-03-09 11:53:14 | ABIO | sell | $0.9828 | long |
2015-03-09 13:22:28 | ABIO | sell | $1.030 | long |
2015-03-09 13:42:40 | ABIO | sell | $0.9797 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Nice trade