Morning flag break. This was a really nice flag and had a high of $7.06 to break from the previous day, so I wanted to hold through once it broke since it had strong reward up to around $7.30. When it didn't hold the $7.00 breakout, I decided to cut it as close to flat as possible. Original stop was under $6.90. I kept my eye on the stock the rest of the day but it never could get above that area. Nicely managed trade even though it didn't work.
2000 shares
-$20.00 (-0.14%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-16 10:20:26 | MM | buy | $6.990 | long |
2013-08-16 11:12:31 | MM | sell | $6.980 | 0 |
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