ICON Trade on Nov 6, 2015 11:16 from Mari_BOWS: Tradervue User Stock Trades.

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Mari_BOWS

 

2.3R

ENTRY: price was pulling back to 9EMA and also 20SMA was catching up. Stock price was at all time low, so I expected a breakdown.
Stop was above price resistance at $7.51.
2R target was $7.13.
LOD was $6.77 (5R target).
Target was LOD although I had little faith it would reach it.

EXIT: I covered some around my 2R target and the round number $7. I intended to hold the rest until it reached LOD, but it started bouncing. I held on figuring it would come to VWAP, reverse and then come back to the low. It did. I covered everything, because I was nervous. I figured it would break down and make it to LOD today though. It's also noon time. Then it headed towards LOD anyway and even broke LOD.


Execution detail:

Date/time Symbol Side Price Position
2015-11-06 11:16:06 ICON sell $7.370 short
2015-11-06 11:48:14 ICON buy $7.130 short
2015-11-06 11:54:40 ICON buy $7.080 short
2015-11-06 12:17:47 ICON buy $7.060 short
2015-11-06 12:18:19 ICON buy $7.080 0


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