Play: Parabolic
Stock ran strong all morning without any real pullback, was disciplined to wait for a parabolic move as first, it was just grinding higher. Once it put in that parabolic move and wasn't able to hold it with a clear level of support to break, I got in when selling came in for a short for the pb. When it stalled and didn't even break the support by a couple pennies, I got out as I figured some big buyer was there and there was still no panic and it might have one more squeeze. Tried to get out flat but i wasn't getting filled so i got out with a 3 penny loss.
Reasons to sell: no panic, held support
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-01 10:39:33 | ICLD | sell | $2.300 | short |
2015-05-01 10:40:51 | ICLD | buy | $2.330 | 0 |
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