Stock had an earnings breakout yesterday. I was watching for a continuation today as it had broken above the 200 SMA on the daily. Stock opened up weak and I entered 1000 shares at 1.73 on a short flag after it had broken above the VWAP. I scaled out 300 shares into the first pop at 1.78 and another 300 at 1.85. It was getting pretty over extended by this point and I should have been looking to exit my full position. I was using a mental stop on this which was a mistake. I should have sold the remaining 400 shares as soon as it broke below the EMAs. I didn't, and sold off at 1.68 for what could have been a decent gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-10 11:44:49 | RMGN | buy | $1.730 | long |
2015-03-10 11:48:18 | RMGN | sell | $1.780 | long |
2015-03-10 12:02:17 | RMGN | sell | $1.850 | long |
2015-03-10 13:40:06 | RMGN | sell | $1.680 | 0 |
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