Perfect bear flag breakdown with a stop over $62 (43 cents) which gave me an 86c target ($60.72). That target was achieved easily so I let it run a bit past and took a partial profit there. I added back on the breakdown of $60.50 but the break didn't hold so I cut it for a small amount of profit given back. I was probably a bit greedy on the trade but what can I say ... I'm a greedy guy! I did end up catching that last flush under the mid 60s later in the day.
250 shares
+$198.00 (1.68%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-06 10:48:40 | GMCR | sell | $61.580 | short |
2013-11-06 12:13:46 | GMCR | buy | $60.560 | short |
2013-11-06 12:40:59 | GMCR | sell | $60.410 | short |
2013-11-06 13:07:32 | GMCR | buy | $60.590 | 0 |
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Nice short entry.