Got a late entry, scaled out in 1/3s. I held the final shares waiting to see if they were going to bounce either off the 9 ema which it had been following or price support at 5.00 but stopped out when it broke below 5. It did bounce but then faded.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 10:27:46 | VRS | buy | $4.610 | long |
2014-01-07 10:44:36 | VRS | sell | $4.950 | long |
2014-01-07 10:56:02 | VRS | sell | $5.210 | long |
2014-01-07 11:35:18 | VRS | sell | $4.910 | 0 |
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You got in late but you managed the trade and risk very well after your entry.