Morning flag break. The initial entry was early but with a stop at $18.98 it was a clear support level to hold through and the patience definitely paid off. When it started to take off I added 500 more to capitalize fully. I actually should have added even more, as even with 2K shares my average was still only $19.11 and I could have afforded to take $500-600 risk on this with 5-6k shares. The breakout when I added was extremely high probability so I definitely should have added more, but it still turned out to be a nice trade.
2000 shares
+$522.15 (1.94%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-10 10:36:04 | ARUN | buy | $19.090 | long |
2013-10-10 10:36:04 | ARUN | buy | $19.090 | long |
2013-10-10 10:36:04 | ARUN | buy | $19.090 | long |
2013-10-10 12:57:18 | ARUN | buy | $19.169 | long |
2013-10-10 13:01:38 | ARUN | sell | $19.310 | long |
2013-10-10 13:12:24 | ARUN | sell | $19.400 | long |
2013-10-10 14:15:37 | ARUN | sell | $19.462 | 0 |
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Killer entries, nice second entry. I find that so tuff when already long but makes perfect sense to average up on winners.