Shared by
JackAttack
Opened trade because:
- Alerted in chatroom
- Dip was bought on good volume and then made a little mini flag
Closed trade because:
- Unloaded half as close to 6.90 as I could, lined up with a peak from yesterday
- Unloaded the last half, attempted to get a 6.95 fill but price started coming down and I got out at 6.92
Other notes:
- I took an aggressive position size with a tight stop. Although I followed my risk rules, I believe that I sized used a tighter stop than I normally would have just so I could have a much larger potential reward. This is probably bad psychology. My other trades weren't very good and I think I was trying to make up for it. This time it worked out, but I need to try to not up my position size to make up for other bad trades.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-09-11 11:00:03 | ACI | buy | $6.820 | long |
| 2012-09-11 11:25:23 | ACI | sell | $6.890 | long |
| 2012-09-11 11:37:08 | ACI | sell | $6.920 | 0 |
Comments
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good stuff this is how i would play it.. just a scalp!