Daily bounce play. This was a super low risk/high probability entry with a stop under $9.00 and a huge volume spike. It worked almost immediately so I sold off half. I added back to 1.5x position when it held and continued up then scalped the add, and sold the last piece at my higher average. Finally I caught another push out of a (sloppy) intraday flag for another nice gain. I should have sold the last piece when it went parabolic bear $9.70 but I really thought it would push through to $10 at that point. I cut the last half of the second trade flat. Overall nice trade.
1000/1500/1000 shares
+$423.99 (3.74%, 1.92%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-24 11:33:38 | RMTI | buy | $9.089 | long |
2013-09-24 11:35:03 | RMTI | sell | $9.300 | long |
2013-09-24 11:52:43 | RMTI | buy | $9.319 | long |
2013-09-24 12:04:32 | RMTI | sell | $9.420 | long |
2013-09-24 12:04:33 | RMTI | sell | $9.400 | long |
2013-09-24 12:04:33 | RMTI | sell | $9.400 | long |
2013-09-24 12:14:15 | RMTI | sell | $9.370 | 0 |
2013-09-24 12:46:18 | RMTI | buy | $9.380 | long |
2013-09-24 12:46:20 | RMTI | buy | $9.390 | long |
2013-09-24 12:46:20 | RMTI | buy | $9.380 | long |
2013-09-24 12:50:59 | RMTI | sell | $9.551 | long |
2013-09-24 13:38:22 | RMTI | sell | $9.410 | 0 |
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Damn, another nice one with nice entries/exits.