Bought it in late morning session thinking it was breaking out to new highs with momentum. Sold 2/3 of position as it was struggling to move higher - meeting supply at $13.15. Sold the rest as price was dropping fast.
I would grade this trade as B-
Lesson: beware of late morning breakouts
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-21 12:52:55 | IQNT | buy | $12.900 | long |
2014-01-21 13:18:10 | IQNT | sell | $13.060 | long |
2014-01-21 13:42:55 | IQNT | sell | $13.020 | 0 |
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