Morning flag break. My entry was a bit high but with the volume I thought this was a very high probability trade. Turned out to be a dud so I just cut it for the loss. I could have kept it on watch for later but I guess I lost motivation after so many losses in a row and just decided to call it a day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-09 11:02:39 | CERE | buy | $1.640 | long |
2013-10-09 11:02:39 | CERE | buy | $1.640 | long |
2013-10-09 11:15:56 | CERE | sell | $1.560 | long |
2013-10-09 11:15:56 | CERE | sell | $1.570 | long |
2013-10-09 11:15:56 | CERE | sell | $1.550 | 0 |
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I liked the entry as daily looked good to go. Held the 1.55 intraday support, technically no reason to sell.