Daily range break at $13.91. The daily on this might have been a tad extended as it was up the last 4-5 days. Stopped out fairly quickly as I felt it should have been a quick pop and it was not. Lost $6.00.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-05 10:22:23 | PHM | buy | $13.920 | long |
2012-09-05 11:24:03 | PHM | sell | $13.860 | 0 |
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Hey I usually dont enter a breakout trade like this unless there is multiple taps of the area. The only time I enter on the second break is if there is news behind it. The actual breakout spot on this stock was more towards 13.2 where the flag was breaking. You see?