Over 95 looked great on daily for run to 100, however daily was extended. I rationalized taking this trade off of the end of day flat top for the potential B/O. Stop was -.75, Target 1 was +1, Target 2 +2 and T3 was +3. At +2.75 moved stop on last few shares to just under the anticipated P/B zone as SPY was falling hard.
I really liked the intraday setup over 95 but daily extension should have had me think pass.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-03 09:38:19 | AEGR | buy | $95.160 | long |
2013-10-03 09:46:19 | AEGR | sell | $96.270 | long |
2013-10-03 09:56:32 | AEGR | sell | $97.190 | long |
2013-10-03 10:05:17 | AEGR | sell | $96.180 | 0 |
96 is the bounce spot so u need to be aware that can be the buying area
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Great entry and some nice exits.