Intraday flag break. This was a little mini bull flag under a round number at $38 but the stock was very extended so it was pretty low probability. I need to keep these trades to a minimum as they are not the strongest setups and are usually only good for scalps. There was a daily breakout at $38.30 as well which would have been nice but some fiscal cliff news pushed it down after it tried to break that level. Made $13 on 100 shares.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-31 13:12:43 | CLF | buy | $38.000 | long |
2012-12-31 13:31:26 | CLF | sell | $38.230 | 0 |
2012-12-31 13:40:26 | CLF | buy | $38.300 | long |
2012-12-31 13:47:33 | CLF | sell | $38.200 | 0 |
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