ICPT Trade on Aug 12, 2014 10:00 from Kelly-Ann_BOWS: Tradervue User Stock Trades.

ORB play. once the flag started to move downward with strong volume I added another 100 shares. ended up selling everything off for a $529 profit.

wondering how to handle the range on a high priced stock and how to manage the stop price (since it won't be cents away like it is for my other trades)?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-12 10:00:00	ICPT	sell	$312.250	short
2014-08-12 10:13:00	ICPT	sell	$306.100	short
2014-08-12 10:13:00	ICPT	buy	$306.480	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ICPT&trade=1242746&end=20140911&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ICPT&trade=1242746&end=20140812123800&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ICPT&trade=1242746&end=20140812160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ICPT&trade=1242746&end=20140812113700&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

pstark89

2014-08-13 07:23:00

Nice trade. A lot of gamble. The one thing I would say with a stock like this is definitely do not chase it and realistically you probably need at least a three point risk range. You need to limit your price to what you feel is a strong entry/exit.

Kelly-Ann_BOWS

2014-08-16 09:11:04

Got it. Thanks Peter! :-)

ICPT Trade on Aug 12, 2014 10:00 from Kelly-Ann_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax