Continuation play. There was a tight consolidation under the previous HOD at $2.59 so I entered with 4000 shares with a $2.50 stop when I saw volume coming in. Since I had a fairly wide stop with 4k shares ($360 risk) I decided I needed to sell higher and was going for a $3 second target. When it failed to take out the $2.75 daily resistance area I bailed on the last half nearly flat. I had close to $700 profit on this so I wish I had taken more but given the risk it was not worth it and in the long run this strategy will prevail.
4000 shares
+$280.00 (4.63%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-30 10:06:20 | RSOL | buy | $2.590 | long |
2013-09-30 10:44:14 | RSOL | sell | $2.710 | long |
2013-09-30 11:34:39 | RSOL | sell | $2.610 | 0 |
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Nice buy