Bought on break of the early range high. Was looking for it to also break the high of the range on the daily which had a clear gap up to $4.50. Flagged again and broke that flag to a high of $2.48 and failed there. Cut it just on penny below the entry price. Good job cutting the loss. Could have waited for confirmation of a break of such a key resistance level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 13:02:12 | AMRN | buy | $2.440 | long |
2014-01-09 13:37:10 | AMRN | sell | $2.430 | 0 |
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It take some catalyst/news to go for gap like that.