BOX Trade on Feb 9, 2015 12:22 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

A recent IPO that I thought I would try for a long as it seemed to find a base at 16.75 area on the daily. A flattop breakout was forming on the 5 minute chart but I bought to early resulting in a poor entry price at 19.26. The stock pulled back just above the VWAP and broke out. I scaled out as the stock made new highs. In hindsight I probably could have loaded up more shares as the stock pulled back to the 9 EMA and launched back upwards making a HOD at 19.95. IPO's are fairly wild and I didn't have the greatest confidence in the set-up to begin with. With that being said, although I had a gain, this trade should not have been taken.


Execution detail:

Date/time Symbol Side Price Position
2015-02-09 12:22:00 BOX buy $19.260 long
2015-02-09 13:43:00 BOX sell $19.460 long
2015-02-09 13:46:27 BOX sell $19.600 long
2015-02-09 14:25:06 BOX sell $19.710 0


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