$ARWR was gapping up premarket and also had a flag breakout on the daily.
I have missed the initial flag breakouts during the morning and decided to enter the trade once the market recovered and stock was having higher highs and higher lows so entered the trade on the flag breakout which appeared to be a failed one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-08 13:25:17 | ARWR | buy | $6.730 | long |
2013-10-08 13:25:17 | ARWR | buy | $6.730 | long |
2013-10-08 13:35:33 | ARWR | sell | $6.560 | long |
2013-10-08 13:35:40 | ARWR | sell | $6.562 | 0 |
Agree with Nape and Mark - I think it was a good trade in that you attempted with all of the cues, and then exited with a smart stop
tricky... people were shorting all these stocks.. the hammers were out
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Gorgeous daily find. Nice flag on intraday at 6.85ish (look at the volume on that B/O, said it was real for a quick push at least).
I see your entry, nice attempt (look at the lack of volume on that, said it'll probably roll). Nice exit as didn't work.