This stock was consolidating hard all day with clear resistance in the .30 area. I was very happy with how I played this even though I did not get up to my full size. Waited for the stock to break and hold over .30 area and got in with half my position. It then went on to flag and hold higher so I added another 100 shares. I should have added above the premkt high which was .60 but ended up just trailing the stock and getting out for a decent profit. Was kind of hard for me to tell where to get out of my second half and I ended up getting out when the stock made a lower low which may not have been the best play because the stock rallied to end the day. Still a well managed trade in my mind even though I didnt get big enough.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-28 13:28:54 | GMCR | buy | $36.350 | long |
2012-11-28 14:10:28 | GMCR | buy | $36.520 | long |
2012-11-28 14:33:02 | GMCR | sell | $36.772 | long |
2012-11-28 14:47:14 | GMCR | sell | $36.770 | 0 |
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