Morning flag break. $11.24 was the last high on the daily before the previous $12.00 support so I entered for a push toward that area. I kept a relatively wide stop under $11.00 but I suspected it would have a decent amount of juice so I thought the r/r was ok. I sold half when I hit 1R and another piece close to 2R. I held 100 shares for lotto and then added 600 back when it looked like it was about to break the flag and go for another run. It did not take off so I exited the whole position at that point for a small amount of profit given back.
700 shares
+$162.00 (3.21%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-03 09:50:01 | VVUS | buy | $11.220 | long |
2013-10-03 10:00:30 | VVUS | sell | $11.430 | long |
2013-10-03 10:22:03 | VVUS | sell | $11.570 | long |
2013-10-03 11:08:52 | VVUS | buy | $11.580 | long |
2013-10-03 11:17:27 | VVUS | sell | $11.530 | 0 |
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good eye