Shared by
tomr_BOWS
Gap-down on daily chart. Took short position when stock squeezed at opening and failed around $54. Covered entire position on spike down. Was lucky to catch the low of the spike. Re-entered when VWAP was holding resistance but covered when I didn't see follow-through.
Gain: $155 aggregate
Shares: 100 on each trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-15 09:40:11 | INCY | sell | $53.180 | short |
| 2014-05-15 09:41:45 | INCY | buy | $51.690 | 0 |
| 2014-05-15 09:52:10 | INCY | sell | $51.830 | short |
| 2014-05-15 10:13:29 | INCY | buy | $51.770 | 0 |
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