Shared by
ckz8780
Morning flag break/continuation. I saw significant volume coming in over $11.35 and decided to snag a few for a move through to the previous HOD and beyond. I had an $11 stop originally but tightened it up after the first dip as I was a little early on my entry. I did have to suffer through about $380 in loss before it recovered but I knew it was a strong setup so I was willing to take the pain. I accidentally sold it all into the previous HOD when I meant to sell only half, so then I re-entered and took a small loss on a half position. To drive the trade home, I saw another opp later in the day and entered for a push at $11.86 with a 15c stop and doubled up for the break of the round number at $12.00. With 4,000 shares I was really able to milk this one and exit one it rolled over.
2000/1000/4000 shares
+$1615.00 (+3.25%, -0.76%, +2.26%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-09-30 09:56:36 | RMTI | buy | $11.390 | long |
| 2013-09-30 10:43:27 | RMTI | sell | $11.760 | 0 |
| 2013-09-30 11:05:26 | RMTI | buy | $11.870 | long |
| 2013-09-30 11:14:10 | RMTI | sell | $11.780 | 0 |
| 2013-09-30 12:13:27 | RMTI | buy | $11.860 | long |
| 2013-09-30 12:42:55 | RMTI | buy | $11.960 | long |
| 2013-09-30 12:59:33 | RMTI | sell | $12.120 | long |
| 2013-09-30 13:12:57 | RMTI | sell | $12.230 | long |
| 2013-09-30 13:36:58 | RMTI | sell | $12.040 | 0 |
Comments
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I longed almost the same price but got stopped out with a poorly placed stop right at support. Nice trade!