I think this was a pretty good trade with a nice entry after it was breaking the $11 triple tap resistance, scaled out once then based on the daily I thought it was a good swing so I held it. sure enough, it spiked in the morning and i scaled some more, then as it looked to drop and consolidate I got out to free up the case. glad I did as it didn't do anything the rest of the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-10 15:00:00 | GRPN | buy | $10.980 | long |
2013-10-10 15:29:00 | GRPN | sell | $11.080 | long |
2013-10-11 09:46:00 | GRPN | sell | $11.245 | long |
2013-10-11 10:16:00 | GRPN | sell | $11.185 | 0 |
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Seemed like a chase on the 5 min but made it work.