Popped above EMA's and thought it might BO. Target 20.25, stop at 20.00. Held this for a while and NOTHING. Stock was oscillating back and forth between 20 & 20.10. Decided to go for a quick scalp play. On a big dip down, added 1000 shares and sold out on the pop up.
Not pretty, but profitable.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-13 12:08:49 | KKD | buy | $20.070 | long |
2014-03-13 12:25:53 | KKD | buy | $19.970 | long |
2014-03-13 12:28:56 | KKD | sell | $20.050 | 0 |
Worried.... yeah ...a little bit. But it was being pretty consistent with the pattern. BUT,...yes..it was definately a RISK...
This was NOT a good trade.
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Interesting strategy, you werent worried that It could have just flushed lower as it was breaking support there when you added 1k more?