Shared by
ryanBOWS
This position, although it worked out well and set me on a profitable course for the day, was NOT deserved. Used the same ticket window as my STP trade earlier in the day. Didn't check my position size which is saved from the previous trade and ended up longing 5k shares when I intended for it to be 1k shares. I watched it like a hawk, and once it started to go sideways, I took it off.
Would have been a great scale out position, but I have a hard time not just booking profits early in the day plus was already down on the day. Was chasing green.
Setup was a r/g move for me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-04-24 10:08:59 | ARRY | buy | $6.190 | long |
| 2013-04-24 11:00:37 | ARRY | sell | $6.240 | 0 |
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not sure i like u buying this after a 20 cent spike.. not a good idea there hard to limit ur risk.