Thursday, July 29, 2010

Trading Journal: FLI (July 29, 2010)

Figure 1. FLI Price Chart

Details:
Entry Price: 0.97     Exit Price: 1.06      % Gain: 8.09%

Remarks:
I was planning on initially selling FLI @ 1.10 but unfortunately it was not able to hit my target as sellers started to file up immediately few minutes after the market opened. But even so I was able to amplify my gain by doing some classic pyramiding on my initial shares brought at 0.97. On the day of the breakout I was able to add some shares at 1.02, making my average price to 0.98. The more shares brought the more gains generated per share.

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