$FNP was flagging on the intraday and after I missed the initial morning opportunity to enter the trade I have stalked this stock :) and entered on the flag breakout after the lunch time.
Should have scaled out on the initial spike but I was convinced this bad boy has more juice in it so I waited patiently for a secondary flag breakout which almost did happen but it was run out of the juice.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-07 13:37:28 | FNP | buy | $25.680 | long |
2013-10-07 13:37:28 | FNP | buy | $25.680 | long |
2013-10-07 13:37:28 | FNP | buy | $25.680 | long |
2013-10-07 15:01:01 | FNP | sell | $25.790 | long |
2013-10-07 15:01:01 | FNP | sell | $25.790 | long |
2013-10-07 15:01:01 | FNP | sell | $25.790 | long |
2013-10-07 15:01:01 | FNP | sell | $25.790 | long |
2013-10-07 15:01:01 | FNP | sell | $25.790 | 0 |
yeah, you nailed the entry, Magnum!
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Textbook. Awesome entry.