Entered on break of intraday flag. Scaled out 1/2 into first spike which was just short of 2x risk. Held on to second 1/2 until it crossed below 9ema where I had my stop. I almost closed out after the first red candle bc it was already up 120% at that point and I thought it might really tank but decided to honor my stop and see what happened.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 10:18:40 | MNGA | buy | $1.880 | long |
2014-01-09 10:22:42 | MNGA | sell | $2.190 | long |
2014-01-09 10:42:16 | MNGA | sell | $1.980 | 0 |
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Nice play.