Shared by
ckz8780
Three attempts: First trade entry was really nice, had the volume but it failed 9 so I cut it for a small loss. after the recovery I knew it was extended and was probably lower probability but the volume was pouring in and so I decided to try it half size just to see if it would get moving and give me a consolidation above 9 where I could add to it. It wouldn't hold the $9 break so I cut it immediately and waited for a better setup. It then consolidated for 3 candles and finally showed some volume coming out of that flag, trying to push through 9 (see here)
I guess it just didn't have the juice! Probably should have left it alone after the 2nd attempt but damn I really thought it wanted to break that $9 with gusto lol
1000/500/1000 shares
-$122.15 total (-0.78%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-24 11:08:03 | KERX | buy | $8.920 | long |
| 2013-07-24 11:38:48 | KERX | sell | $8.880 | 0 |
| 2013-07-24 12:14:37 | KERX | buy | $8.988 | long |
| 2013-07-24 12:16:42 | KERX | sell | $8.962 | 0 |
| 2013-07-24 12:39:32 | KERX | buy | $8.990 | long |
| 2013-07-24 12:39:32 | KERX | buy | $8.989 | long |
| 2013-07-24 12:39:32 | KERX | buy | $8.990 | long |
| 2013-07-24 12:41:02 | KERX | sell | $8.920 | 0 |
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