Tried another entry on this gapper on the second flag. Got most off for a profit, but added some more as it looked like it still might have some more upside, but was pretty much shaken out to the penny. I need to remember to use off number stops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-03 12:34:00 | LXRX | buy | $13.540 | long |
2015-08-03 12:36:00 | LXRX | buy | $13.460 | long |
2015-08-03 12:44:00 | LXRX | sell | $13.590 | long |
2015-08-03 12:48:00 | LXRX | sell | $13.700 | long |
2015-08-03 13:15:00 | LXRX | buy | $13.650 | long |
2015-08-03 13:35:00 | LXRX | sell | $13.450 | 0 |
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I personally would only trade the range here, since especially at the end of the day I would need to see prices above 14 in order to go long for a trend trade.