PACB Trade on Oct 5, 2015 09:48 from Mari_BOWS: Tradervue User Stock Trades.

3rd day of a PR Breakout. I was anticipating a red-to-green move.

Entry: Pattern looked really nice. Stop was under LOD ($5.95) $0.10 from entry. 2R target was $6.25. 3R $6.35.

Exit: $6.22 was a resistance level intraday and on daily (not visible here). Next resistance on daily was $6.33. I sold half into this resistance level. Then it went as high as $6.38, which was past my 3R target. I made about 2R on this trade, because I waited too long with exiting. I should've probably sold all at once. I could've entered again at the $6 support level later.

I found this stock in Benzinga.com Pre-market Losers list.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-10-05 09:48:25	PACB	buy	$6.050	long
2015-10-05 09:51:08	PACB	sell	$6.300	long
2015-10-05 10:00:59	PACB	sell	$6.260	long
2015-10-05 10:02:08	PACB	sell	$6.180	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PACB&trade=3628578&end=20151104&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PACB&trade=3628578&end=20151005122708&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PACB&trade=3628578&end=20151005160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PACB&trade=3628578&end=20151005160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

chrisconnelly3

2015-10-06 16:53:36

nice trade! good entry for the orbo!

Mari_BOWS

2015-10-06 16:54:38

Thanks!

PACB Trade on Oct 5, 2015 09:48 from Mari_BOWS: Tradervue User Stock Trades.

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