Went short on the failure to break through 29.00, risking .20c
Took the first half off for .32c. Second half hit my target of .50c.
I am not big on indicators but I just added a 9 EMA to my charts and I fff'n love it! For these MOMO plays it does a great job of letting me know when to exit the trade. Had I exited based on the 9 EMA, I would have been out at 28.15 and actually hitting lows of 28.03 before it crossed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-02-08 09:39:00 | TRLG | sell | $28.810 | short |
2013-02-08 09:44:00 | TRLG | buy | $28.490 | short |
2013-02-08 09:58:00 | TRLG | buy | $28.310 | 0 |
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