Shared by
tombro
Intra-Day Base Breakout - EMA's starting to turn up
I had looked at this several times during the day, but it just seemed dead, but the last time I looked it was starting to perk up
Stop 156.89 First Target 159.74
Stop moved (after I took a partial )to 157.98 - cancelled
Stop moved to 158.74 - cancelled
Stop moved to 159.29 - cancelled
Exited on a market order with the bid bouncing around between 160 and 160.36 (there were a few trades as low as 159.51, but for the most part the bid was stuck between the above prices)
I was patient in exiting, but noticed on Jan 2 that the $160 area was resistance so since the end of day was approaching I watched the bids and exited when the bid seemed more favorable.
Among the myriad of other things, I'm working on being more proactive in my exits vs letting my stop take me out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-06 14:56:32 | ICPT | buy | $157.020 | long |
| 2015-01-06 14:56:32 | ICPT | buy | $157.020 | long |
| 2015-01-06 15:04:13 | ICPT | sell | $159.740 | long |
| 2015-01-06 15:36:58 | ICPT | sell | $160.184 | long |
| 2015-01-06 15:36:58 | ICPT | sell | $160.184 | 0 |
Comments
pstark89
Great trade Tom!!. I took the same one. Only wish I had the balls to go in larger than 100 shares. :)
BenLbTrading
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this is excellent.. great entry.. and well played sells