EDU- Had been very strong the previous day with 17 a resistance level.
broke through on the opening drive then pulled back with at buyer around 17.15. Got long one lot with a stop below.
-Traded higher, was expecting some resistance at the half but it held above 50 cents so I held my position. Really needed to get bigger here with a stop below the half, this was a sign of strength.
-Sold into the next upmove when there was some selling at 75 cents and a larger buyer dropped. With an extra lot I could have held a core until it reached 18 but I with one lot I felt it was not worth risking giving 25 cents back to make another 20 cents this late into the move
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-10-01 10:00:48 | EDU | buy | $17.180 | long |
2012-10-01 10:38:47 | EDU | sell | $17.740 | 0 |
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