Saw a flag breakout on the daily chart. Looked for and intraday entry. Entered into a flag pattern at $16.36 for 300 shares. I soon realized that, price had already run up almost $2.50 and if it was gonna continue to run it would need a deeper pullback/ longer consolidation. Plus, price started moving against me, so I exited at $16.26.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-09-16 12:50:00 | RVNC | buy | $16.360 | long |
2016-09-16 13:13:00 | RVNC | sell | $16.260 | 0 |
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