Was watching this stock at the open for a possible ORB. I kept it on watch for potential intraday setup. I entered after it took out the hod (4 pennies above hod). There was no setup for this trade. It had already moved 34 cents from the first pullback.
Stop was @ 11.16
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-24 11:00:11 | TQNT | buy | $11.310 | long |
2014-02-24 11:25:34 | TQNT | sell | $11.160 | long |
2014-02-24 11:25:34 | TQNT | sell | $11.160 | 0 |
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That flag was to high without a pullback, that is why it failed.