MNKD Trade on Jun 3, 2013 13:31 from ckz8780: Tradervue User Stock Trades.

Intraday flag break. I was a TINY bit early on the entry as the volume hadn't come in yet but it confirmed in the next candle above $7.50. I cut the last 300 shares at $7.62 because I hit my daily goal and it was starting to look pegged anyway. Not a terribly strong % gainer but a decent trade nonetheless.

1000 shares
+$126.13 (1.7%)

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-06-03 13:31:02	MNKD	buy	$7.480	long
2013-06-03 13:50:15	MNKD	sell	$7.600	long
2013-06-03 13:50:45	MNKD	sell	$7.600	long
2013-06-03 14:06:36	MNKD	sell	$7.620	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MNKD&trade=482756&end=20130703&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MNKD&trade=482756&end=20130603160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MNKD&trade=482756&end=20130603142436&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

skipjackrick

2013-06-03 20:09:12

Nice sell!

kunal00

2013-06-03 20:25:06

hey good sell! u had the perfect mindset sometimes these stocks can sell off eod anyways u did good getting out. and prerfect timing. one thing i do think is u should have gotten this stock closer to 7.4 to limit ur risk.

ckz8780

2013-06-03 20:29:21

Thanks kunal! I can never tell whether it's better to wait for confirmation of the break of hod (7.48) and get confirmation, or limit risk like you said by anticipating it at 7.4ish. I think maybe if the volume were more convincing in the 7.4 area I might have been more apt to take it there but it did make a higher low so I could have used that for additional probability too!

MNKD Trade on Jun 3, 2013 13:31 from ckz8780: Tradervue User Stock Trades.

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