got in thinking it was gonna bounce off the MA and run; started to go against me but felt that the stock was gonna moved. bought more shares...normally a no-no but felt good about the trade; my line in the sand was 125.60 so it tested near there and bought more shares. Sold half position after first rip $1; sold more on the way up to target of 127 before the noon time high of 127.32; I was up and done with the trade; in hindsight this thing was pulling back and getting to breakout again above its lower high; ten minutes later it started to rip another dollar; What I learn: initial entry should be better; lucky that averaging down worked in this instance; had the right idea about 127; I'm am still up in this trade; good job overall
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-14 13:24:51 | INCY | buy | $126.287 | long |
2015-09-14 13:29:09 | INCY | buy | $125.863 | long |
2015-09-14 13:37:20 | INCY | buy | $125.663 | long |
2015-09-14 13:44:18 | INCY | sell | $126.498 | long |
2015-09-14 14:00:14 | INCY | sell | $126.710 | long |
2015-09-14 14:21:06 | INCY | sell | $127.060 | 0 |
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