Morning flag break. I had actually been watching this since the 3rd candle in the low $5.50s but volume never convinced me it was powerful. Finally when it looked ready to take out the $5.60 high I clicked BUY at $5.59 on the ask and got filled at $5.62 as Ameritrade lagged a bit on me. Due to my higher entry, I was a little squeamish about holding too long, so I cut it early and missed a great trade. Annoying...but I suppose slippage is part of the game. I did debate re-entering but it never really gave a convincing entry. I didn't think it had enough power to break with just two taps of the high but I guess it did. Oh well!
1000 shares
-$89.80 (-1.63%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-17 10:04:18 | PGH | buy | $5.620 | long |
2013-07-17 10:27:22 | PGH | sell | $5.530 | 0 |
Yea I thought about it but it just never really gave a great entry. No convincing volume so I decided to just leave it alone.
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!
Would of been nice if you would of hit again at that $5.60 area for a revenge trade.