APT had set up with a pretty nice bace on the 200 MA. Lake a haz mat suit manufacturer was up big in the morning because it would have earnings over the bell I bought APT as a sympathy play, figuring that it could run more due to the small float size. The broad market was selling off and APT closed with only a .07 gain on the day. But it would get worse as the market did not like LAKE's earnings. To manage risk, I sold off 2/3 of the position in A.H.
This was a very poor decision to take this trade. I can see I'm forcing trades now that are not there and I am paying the price for doing so.
Entry: 2.96
Exit 1: 2.68
Exit 2: 2.67
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