Mini flag break. This was an excellent trade in terms of taking full advantage of a low risk opportunity even after missing the big initial move. The stock consolidated very cleanly under $27.30 so I took 1000 shares at $27.22 with a tight stop under $27.00. This trade actually started out as just a scalp so I sold the first half into the round number, but it started to look strong so I decided to hold the second half through it. I sold another position into the spike above the round number and decided to hold the last 200 for a lotto play. To really drive the trade home, on the second tap through $28 I added another 800 shares to get back to 1k and scalped half of it into the spike. When it failed to make a new high (previous HOD was at $28.30) I got out under the round number. This started out as what could have just been a quick and dirty $150 scalp and turned into a $600 gain. This is a great example of what confidence and control can do for you!
1000 shares
+$596.00 (3.75%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-19 13:03:38 | RPRX | buy | $27.220 | long |
2013-09-19 13:14:11 | RPRX | sell | $27.460 | long |
2013-09-19 13:38:17 | RPRX | sell | $27.820 | long |
2013-09-19 15:10:50 | RPRX | buy | $27.950 | long |
2013-09-19 15:12:28 | RPRX | sell | $28.240 | long |
2013-09-19 15:18:06 | RPRX | sell | $27.960 | 0 |
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