Day Chart: 4 fails at $1.86 area, 200dma also $1.86
Buy: break of $1.84 flat top. I mean to enter at $1.84 but bought confirmed breakout. I only spotted this at the last tap, never had a chance to get in near the 9ema.
Sell: I thought of selling into the spike but then as it was flagging right under the $2 area, I let it work out. Flag failed and stopped at small profit. Trying to let winners run since I can only buy all shares at once (commissions).
Lesson: True entry was earlier had I been aware of this stock. $1.80 to $1.82 were achievable, which would have given a $0.07 return vs $0.03. thats more than double and still gave the stock a chance to try and break its flag for more upside. Lesson is scan more aggressively and be more prepared with your ideas.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-14 12:20:00 | ONTY | buy | $1.860 | long |
2015-05-14 13:53:00 | ONTY | sell | $1.890 | 0 |
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