I went long right out of the gate because it had broken below 62.00 support level in the pre-market so I was thinking it was bound to hit strong buying pressure early on. I went long 300 shares at 60.41 and kept a tight stop at 60.00 incase it hit resistance and began rounding upwards later on. I scaled out into the rip up to 62.00 but left some money on the table. I sold 100 shares at 60.83, 100 at 61.25, and 100 at 61.61. In the past when I have traded the open I usually end up waiting to long before selling so I want to get out of my position within the first few parabolic green candles. In hindsight I could have held onto 100 lotto shares to catch the run up to 62.00 and sell on the first red candle when it started pulling back to the VWAP & EMAs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-26 09:37:07 | ISIS | buy | $60.410 | long |
2015-03-26 09:38:49 | ISIS | sell | $60.830 | long |
2015-03-26 09:41:12 | ISIS | sell | $61.250 | long |
2015-03-26 09:41:42 | ISIS | sell | $61.610 | 0 |
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