I was watching this one all morning even through the premarket and unforunately I hesitated on the REAL trade in this stock. 34.50 was a big support level in pre market and could have bought the stock when it quickly dipped to this level on the market open which was a great risk reward trade. I am new to trading that kind of setup so I didnt pull the trigger and instead play the flag break/MA bounce which I scaled into resulting in a loss. That first trade that I mentioned was the real play in this stock and I should have focused on that. I made another trade in this at the end of the day that was a good play though to make up for this loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-28 10:15:26 | GMCR | buy | $35.950 | long |
2012-11-28 10:17:29 | GMCR | buy | $36.100 | long |
2012-11-28 10:47:02 | GMCR | sell | $35.770 | 0 |
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