Pretty proud of this trade. Bought on the bottom before the bounce back up and sold about as high as I could have hoped. Felt like this stock was pretty strong and was going to go back up. Placed my sell order right below the morning spike high, but when it wasn't getting there I lowered it and took profits by scaling out at $2.12 and then all out at $2.16. If I'd played that momentum shift right, I could have shorted and potentially tripled profits. Because I bought a little early, I had to suffer through some more down before it popped again, but when it did I didn't sell too early like I usually do. It was nice to see some big green numbers! :-) Wish I'd caught the first flag up on the morning breakout, but I'll take this one. Didn't get to trade Monday or Friday, and Wednesday was a push because of the computer problems. Averaged $500 for Tuesday and Thursday, which is my goal, so I'm calling it an instructive and fairly positive week.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 10:50:11 | MNGA | buy | $1.933 | long |
2014-01-09 11:33:23 | MNGA | sell | $2.120 | long |
2014-01-09 11:37:29 | MNGA | sell | $2.160 | 0 |
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this works well played!