This trade was based on DD made by BioBucks on UT. This was a follow on someone else's DD. ON 2-01, I bought 50 shares of KPTI, Predetermining my risk of 77 cents with support at 14.53, with an entry of $15.30. I set to look for a sell at 16s or 17s. My goal is to reach a 1/2 R/R so .77/1.54
2-19 KPTI Daily
Took the entry and the trade goes against me the next day. Dropping to 14.56. Since it didn't hit 14.53 and bounced back up, means I am in good shape. A couple of days later on 2-9 KPTI moves up and hits a high 17.36. My initial reaction was to take profits at 17s, but I wanted to hope that it would continue up. I should have hoped, but also had a stop loss at $16.84 Which was suppose to be my goal. On 2/11 I sold KPTI for 15.91 per share. Thinking about the volatility coming up, I thought it was a good time to sell.
2-19: Looking now after the dip, This might be a great area to buy again, at 14.80s. Can definitely be at 17s again to test that resistance. Will evaluate it when market opens.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-01 15:23:04 | KPTI | buy | $15.300 | long |
2021-02-11 09:54:42 | KPTI | sell | $15.910 | 0 |
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