Play: Flag
Had some type of news, waited for it to pullback and flag which it did. Missed the entry and should not have got in this trade as no volume was coming in. I got out when it wasn't going anywhere and had no volume.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-31 13:13:13 | PLUG | buy | $7.270 | long |
2014-03-31 13:13:14 | PLUG | buy | $7.270 | long |
2014-03-31 13:17:06 | PLUG | sell | $7.270 | long |
2014-03-31 13:17:06 | PLUG | sell | $7.270 | long |
2014-03-31 13:17:08 | PLUG | sell | $7.270 | 0 |
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Like you said, low volume bounce, bit risky. Good management when no follow through.