I was watching ARIA due to a pre-market gap on rumored news. I caught as early an entry as I could and still maintain a decent risk profile. Used a very small position size due to lack of confidence both in the stock and myself after a poor performance yesterday. Was using the 9 EMA as guidance for my stop. To be honest I didn't have a ton of faith in this stock being able to maintain momentum after it ran initially, so I trailed my stop up pretty tight. This led to me getting stopped out at what looks like a bad point in hindsight. Overall I am still happy with the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-24 09:41:07 | ARIA | buy | $7.880 | long |
2014-01-24 10:38:19 | ARIA | sell | $8.190 | 0 |
Yeah I let that one get away from me. I was watching something else and by the time I noticed ARIA was heading back up I had missed my entry.
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Nice. Have to jump back in when you see it coiling up.