I really like this trade even though I ended up losing money on it. I thought the level was a really good one. Right above a previous consolidation period on the Daily chart and Weekly chart. The stock started to work and I aggressively added to a position of strength. It had a great follow through day afterwards so it should be set for higher prices and I was properly positioned for it.
Unfortunately it didn't work out as I would have hoped but I can't fault the execution.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-05-10 11:34:18 | ALXN | buy | $101.549 | long |
2013-05-10 11:34:46 | ALXN | buy | $101.519 | long |
2013-05-13 10:14:02 | ALXN | buy | $104.709 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.880 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.840 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.850 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.850 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.860 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.860 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.860 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.870 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.870 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.880 | long |
2013-05-16 09:58:20 | ALXN | sell | $101.880 | 0 |
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