Shared by
ckz8780
Intraday breakout. There was daily resistance at $5.08 with one more level at $5.14 before a heavy resistance at $5.31. I saw significant upside potential on it for minimal risk so I took 800 shares but I overlooked the fact that it was already up nearly 5% with no news or any real reason. In general, it's abnormal to see a stock move much more than that without news so I should have considered this before assuming it would go. Lost $48.00.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-10-16 12:32:44 | ATML | buy | $5.080 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | long |
| 2012-10-16 12:58:36 | ATML | sell | $5.020 | 0 |
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