Intraday flag breakout. MCP was setting up in a nice flag under daily resistance at $9.70. I'm still learning these moves and how long to hold them but I took 30 cents on this one so it was pretty good even though I missed a lot of the move. I did try to rebuy at $10.08 on the second flag break but couldn't get filled. +$67.50.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-10 10:29:50 | MCP | buy | $9.710 | long |
2012-12-10 10:37:37 | MCP | sell | $9.870 | long |
2012-12-10 10:46:33 | MCP | sell | $10.000 | 0 |
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