1.7R
ENTRY: it consolidated above the VWAP and broke out when it neared the 9EMA. I didn't enter at the best spot. The spread was big and I set my stop quite far away, because I wasn't feeling confident with the setup or the spread. Therefore I had a smaller position and poor RR. I thought the stock could really go because of the low float (20M).
Stop was at $69.50 under a spike, but not under the LOD.
First target was around $72.90, because that's where most of the resistance was on daily.
2R target was $72.50.
EXIT: the price went to $72.90 and even up to $72.97. I guess I got a bit greedy and I was expecting the price to break this resistance level. I sold when it didn't break to new highs and it started to break the 9EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-30 10:00:00 | IMPV | buy | $70.490 | long |
2015-10-30 11:41:57 | IMPV | sell | $72.440 | long |
2015-10-30 11:52:53 | IMPV | sell | $71.920 | 0 |
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good :)