Went long on the flat top breakout (missed the day long consolidation breakout) but ended up chasing a bit. The stock was overextended on the daily (and was a 4th breakout on the intraday) so I should not have taken the trade at that point.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-16 13:35:57 | SPCB | buy | $6.950 | long |
2014-01-16 13:35:57 | SPCB | buy | $6.950 | long |
2014-01-16 14:03:29 | SPCB | sell | $6.880 | long |
2014-01-16 14:03:29 | SPCB | sell | $6.880 | long |
2014-01-16 14:03:33 | SPCB | sell | $6.880 | long |
2014-01-16 14:03:33 | SPCB | sell | $6.925 | 0 |
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You bough the 4th flag...http://screencast.com/t/V98W6cpPCz8. What is the chance this stock will have another big run on the 4th flag. Cant buy this.