Got in trade with much strength in the daily flag. Got a little weak in the knees with a little rollercoaster action in the morning and lightened up position by half.
Exited trade the following morning after quick spike up. Daily resistance was right around 21.50 and didn't want to be greedy. Had I not cut position in half earlier, this is where I would have and held the rest for continuation. Stock took off the next day. Definitely left much money on the table.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-05 10:05:00 | ACAD | buy | $20.720 | long |
2013-09-05 11:24:00 | ACAD | sell | $20.650 | long |
2013-09-06 10:50:00 | ACAD | sell | $21.380 | 0 |
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Nice find