Shared by
foldelinio_BOWS
11.28M float/3.50% short float/no info on institutionals
playbook: recent IPO gapping close to IPO - price of 11$. Currently trading around 10$ and holding.
Stop: 10.20$ both trades
R: 1
I was a tad early on my first trade and had a stop/position sizing error. Should have traded lighter and with a stop below LOD. Second trade was kind of textbook. Rejecting LOD, ramp up on volume, coiling, I leaned on the .20s again and off it went.
Got rid of most of my position into .50s because it was the 3rd well sized offer, that got punched through. Sold lotto shares on the flush.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-15 09:40:36 | FOMX | buy | $10.240 | long |
| 2015-04-15 09:46:46 | FOMX | sell | $10.150 | 0 |
| 2015-04-15 09:56:29 | FOMX | buy | $10.230 | long |
| 2015-04-15 10:03:31 | FOMX | buy | $10.250 | long |
| 2015-04-15 10:06:12 | FOMX | buy | $10.350 | long |
| 2015-04-15 10:07:23 | FOMX | sell | $10.400 | long |
| 2015-04-15 10:10:49 | FOMX | sell | $10.490 | long |
| 2015-04-15 10:11:13 | FOMX | sell | $10.430 | long |
| 2015-04-15 10:16:01 | FOMX | sell | $10.501 | long |
| 2015-04-15 10:16:35 | FOMX | sell | $10.500 | long |
| 2015-04-15 10:19:54 | FOMX | sell | $10.430 | long |
| 2015-04-15 10:19:54 | FOMX | sell | $10.430 | long |
| 2015-04-15 10:19:54 | FOMX | sell | $10.430 | long |
| 2015-04-15 10:29:27 | FOMX | sell | $10.270 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!