Shared by
jmoscate_BOWS
Play: Flag break out
I have been watching this one for the longest time to break on the daily. It finally did and I missed the entry so i let run and waited for a second entry. I took quick profit as I wasn't sure how much it could go especially in this market.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-05 12:55:41 | GMCR | buy | $83.520 | long |
| 2014-02-05 12:55:41 | GMCR | buy | $83.520 | long |
| 2014-02-05 13:04:59 | GMCR | sell | $83.760 | long |
| 2014-02-05 13:23:30 | GMCR | sell | $83.560 | 0 |
Comments
PHILnomenal
Agree with Gena, kinda looks like it was getting tired. Squeezed a few cents out of her though!!!
This thing is up HUGE AH!
Gena_BOWS
Yeah, I saw that too. Coke is buying part of them, getting into a business relationship with them - thus the spike AH. should be interesting tomorrow, especially if it holds that new 52wk high, and also depending on what overall market does!
Markmandy54
jmoscate_BOWS
I agree, it was tired and it should have been a quick scalp. Have you guys seen the after market. It is currently $117 lol. Went up to 130..maybe I should have kept a couple shares lol
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Agree with taking quick profits in this market! By the time you got in, it was looking tired imo - seemed to be starting to flatten out on the 5min chart. Although when I look at it on the 1min chart, it was a good entry! Way to manage your risk though. That makes it a good trade in itself!