1.6R
Earnings breakdown.
ENTRY: I shorted the first pullback to 9EMA/bear flag.
Stop was $0.14 away at $7.42 (1 cent above a price resistance level).
First target was LOD at $6.95.
2R target was $7.00.
EXIT: the price started stalling around the round number and I decided to take profits. It was alreadt extended aswell. I thought it may still go lower, because it was early in the day, but took profits anyway.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-12 10:42:26 | SXC | sell | $7.280 | short |
2015-10-12 10:53:37 | SXC | buy | $7.020 | short |
2015-10-12 11:02:58 | SXC | buy | $7.090 | 0 |
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Decent little trade. Scaled out nicely. Good read of the price action.