Stock gapped up to 52 wk highs on earnings and broke out at the open. Bought the pullback and the flag it formed. Good entry right at the bottom. First target was the opening range high of $15.65. It broke the flag and stalled around $15.55 where it flagged again so I sold half there. Sold the last half on the next breakout. RTS was really just to take some profit and since it was already at 52 wk highs and the market was pulling back. Starting to work on putting on more size on setups like this so I can hold more longer. Could have trippled the size and still stayed within max risk.
R/R 2/1
3R 2.7%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-23 10:05:19 | LOGI | buy | $15.470 | long |
2014-01-23 10:22:41 | LOGI | sell | $15.560 | long |
2014-01-23 10:35:09 | LOGI | sell | $15.800 | 0 |
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