Morning flag break. I averaged into this one because I wanted to be sure I didn't lose too much if I was early on the entry. When I bought the first 1k at $11.42 I set a stop of $11.29 under that strong support and it held, then about 10 minutes later broke the flag's trendline so I added another 1000 shares. Though I didn't officially tighten my stop there I don't think I would have let it come all the way back down to $11.29 once I had all 2k shares, and I added because it confirmed that it was breaking out. First sell was excellent and I cut the second half when it refused to hold $11.50. I was hoping to get $11.75-11.80 out of the 2nd half but it was probably a bit extended. Nice trade overall.
2000 shares
+$260.00 (1.75%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-16 10:22:47 | CSIQ | buy | $11.420 | long |
2013-08-16 10:32:45 | CSIQ | buy | $11.450 | long |
2013-08-16 10:58:10 | CSIQ | sell | $11.630 | long |
2013-08-16 11:24:18 | CSIQ | sell | $11.500 | 0 |
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