Another excellent trade, only wish I had more capital to hit it with size. Stock was beaten down all day but came up on scanner as "trailing stop, volatility up". Huge seller at 6.00 but got taken out after some time and stock spiked to 6.08 initially. Stayed in and kept stop at 5.97 and barely avoided getting stopped out. Hit late afternoon cover frenzy as people were trying to get out from avoiding getting squeezed and rode it up for a nice .09c gain. Thought there was resistance on the 15min chart at 6.10 which prompted a sell, but it ended up breaking that as well as 5min VWAP. Wished I held for another .09c, but hindsight is 20/20.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-03-26 14:50:50 | PGTI | buy | $6.000 | long |
2013-03-26 15:39:05 | PGTI | sell | $6.080 | long |
2013-03-26 15:39:05 | PGTI | sell | $6.080 | long |
2013-03-26 15:39:05 | PGTI | sell | $6.080 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
hmm not bad the short on it was really the play at 6.4 as this was a big dumper but i see ur setup for the long too