Daily bear flag breakdown. I was originally planning on swinging this stock short for a couple days but it just dumped like a brick so I took it all. I could have let the first half run a little longer but my rule lately since the market has been unpredictable is to take profits on half at 1r. Since I had a stop of just under $9.40 it made sense to take half at $9.10. I let the rest run and covered 1/4 more when it cracked the daily low of $8.91, and the last 1/4 when it hit round number support. I knew when it broke that $8.91 on the daily it was doomed so I really let it run and locked in the gain. Pretty much a perfect trade, if I do say so myself :)
1000 shares
+$442.65 (13.95%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-18 11:01:36 | VNDA | sell | $9.230 | short |
2013-10-18 11:28:37 | VNDA | buy | $9.100 | short |
2013-10-18 11:49:50 | VNDA | buy | $8.850 | short |
2013-10-18 11:49:50 | VNDA | buy | $8.850 | short |
2013-10-18 12:38:48 | VNDA | buy | $8.100 | 0 |
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! so hot man!
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nice covers man, especially the last one!