Shared by
ckz8780
Huge volume spike on the daily breakout at $15.00. I saw the volume coming in and snagged it early at $14.95 but I missed the sell point at $15.20 since it came back so fast. It immediately went red but it was on minimal volume so I decided not to take the loss. I allowed it a $14.60 stop since there was significant support from yesterday in the $14.60-14.70 area and I had a big profit cushion for the day. I figured it would be back since it got rejected so quickly there would be profit takers who were shorting the spike. My gut was right and I was able to get out for a small loss after it attempted (and failed) breaking out a couple more times.
2000 shares
-$80.00 (-0.27%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-03 12:17:02 | RPTP | buy | $14.950 | long |
| 2013-10-03 13:52:18 | RPTP | sell | $14.910 | 0 |
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I find these thin ones so tuff.