Morning flag breakout. This was way too extended to work here. It was only a double tap and had hardly retested at all. Also, I should have cut it way sooner. As soon as it broke the flag at like $18.56 I should have been out. There was no reason to let it come all the way back to $18.40 and take a $280 loss on it.
1000 shares
-$279.30 (-1.52%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-06-27 10:23:51 | ACAD | buy | $18.690 | long |
2013-06-27 10:44:44 | ACAD | sell | $18.411 | long |
2013-06-27 10:44:44 | ACAD | sell | $18.411 | 0 |
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