ICLD I have been watching for a bull flag break on the daily chart for a swing opportunity. I had an alert that fired around 15.75, and it was breaking a flag on both daily and 5 minute, so I bought in. Fill was not great, I used VWAP on the 30 minute for support. Realistically I was too high up for this position size as a swing, and my stop was too tight.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-13 12:07:06 | ICLD | buy | $15.770 | long |
2014-01-13 12:07:06 | ICLD | buy | $15.740 | long |
2014-01-13 12:54:50 | ICLD | sell | $15.500 | 0 |
Don't know what I was thinking. Intraday the entry was not ideal, but my target was 20 over the next few days if it went. I needed at least $1 stop under where my entry was. Lower entry point would have substantially lowered the risk to do that.
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Easy money was over. It had already made a $1 move from 14.90.