I was watching this for a possible quick bounce. When it looked like it was going to go green on the day I bought. I put my stop at the high of the previous candle rather than my max loss amount, which would have been 3.62. Obviously had I done that I would not have stopped out the first time. I thought the setup still valid so when it moved again I bought another position, this time I gave it more time to prove out the move. Sold some into the rise, and rode my stop up on the rest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-18 10:54:23 | GALE | buy | $3.720 | long |
2014-02-18 11:01:52 | GALE | sell | $3.630 | 0 |
2014-02-18 11:14:01 | GALE | buy | $3.690 | long |
2014-02-18 11:39:34 | GALE | sell | $3.830 | long |
2014-02-18 13:00:08 | GALE | sell | $3.770 | 0 |
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