Intraday Base Breakout
I had a job come in last night so only did this one trade today while taking a break
Was unsure if this was gonna go, so waited for it to show a little strength, and for it to pull back.
Was patient and waited for my price.
Was going to exit the entire position at 27.11 but got a partial fill.
It looked like it was weakening…(and I needed to get back to work) so I entered a limit at 26.85 (current bid) which didn’t fill-price had quickly moved down to .$70.
Re-entered order as a market order (What I shoulda done to begin with….Didn’t I go through this exact same thing yesterday?) and filled.
If I didn’t have to get back to work, I would’ve just been raising my stops.
I’m ok with the trade (except for the limit/market order issue) cuz I should’ve had my nose to the other grindstone instead.
Stop 26.33 -cancelled Target 26.96 cancelled (when it looked like it had some strength)
Stop moved to 26.67 Target 27.11 filled partially for 200 shares (this was the opening price this morning
When the stock looked like it was gonna back off I Cancelled the 27.11 order and tried to limit out at 26.85-unfilled
Exited on a market order
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-08 15:07:42 | NBIX | buy | $26.370 | long |
2015-01-08 15:07:48 | NBIX | buy | $26.370 | long |
2015-01-08 15:17:17 | NBIX | sell | $27.110 | long |
2015-01-08 15:27:20 | NBIX | sell | $26.728 | 0 |
i see it i like it
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surgical; great trade Tom