Morning flag break. Kind of a sloppy flag, though it had the added power of being under a round number and having a pretty big momentum spike. It still wasn't the greatest setup. Stop was back under $18.60ish but even though it hit those levels it never really looked like it was failing so I held on and added again when it got back up. After adding I tightened my stop significantly, to just under $19, 5-10c at most. I did catch a decent push into the $19.20s and was able to get half off there but it failed pretty quickly even with volume so I cut it fast while I had the gain. Later on I tried the same setup again above highs and lost $150. Just kind of a wicky stock that didn't seem really great for trading.
1500 shares each
+$140.00 net (1.32%, -0.52%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-07 10:00:32 | TRNX | buy | $18.980 | long |
2013-08-07 10:30:50 | TRNX | buy | $18.970 | long |
2013-08-07 11:00:26 | TRNX | sell | $19.230 | long |
2013-08-07 11:06:22 | TRNX | sell | $19.110 | 0 |
2013-08-07 12:02:45 | TRNX | buy | $19.370 | long |
2013-08-07 12:02:47 | TRNX | buy | $19.370 | long |
2013-08-07 12:02:49 | TRNX | buy | $19.370 | long |
2013-08-07 12:08:08 | TRNX | sell | $19.270 | 0 |
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