Bought long when it passed price resistance at $42.53; set stop a little looser than usual (because I've been working on that), but below trendline at $42.40. It dropped to near my stop almost right away, but bounced back up. The VWAP, 9SMA, and 20SMA are all pointing up for now, I will hold. Sold half into spike, moved stop to buy price. Stopped out.
Bought long again when passed VWAP, with stop just below convergence of VWAP and 20SMA, at $42.53. Sold half into spike, set stop just under 9SMA (instead of buy price) at $42.69 to give it a little breathing room. Sold half into spike, stop still under 9SMA at $42.75; will move stop so it stays a few cents under 9SMA and let last 50 shares ride. Sold last shares into spike. And now I am kicking myself, as that spike WAS the run up! I think this was a bad call, since I'd already locked in profits twice. I should have let it ride like I said I was going to...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-24 09:50:37 | ISIS | buy | $42.620 | long |
2014-10-24 10:01:49 | ISIS | sell | $42.900 | long |
2014-10-24 10:07:57 | ISIS | sell | $42.610 | 0 |
2014-10-24 10:12:51 | ISIS | buy | $42.760 | long |
2014-10-24 10:15:09 | ISIS | sell | $42.880 | long |
2014-10-24 10:18:13 | ISIS | sell | $42.940 | long |
2014-10-24 10:33:38 | ISIS | sell | $43.110 | 0 |
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