Little bear flag when this stock gapped up into resistance. Nice entry, but covered too soon and didn't leave a lotto position to ride.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-05 09:48:05 | INSY | sell | $16.140 | short |
2016-07-05 09:52:16 | INSY | buy | $15.720 | short |
2016-07-05 09:53:04 | INSY | buy | $15.575 | short |
2016-07-05 09:58:15 | INSY | buy | $15.590 | 0 |
Hey Louie, I honestly was shocked on how fast this started falling so I wanted to pay myself. When things move too fast, I want to take profits, but I took too much profits too early and didn't let it ride. I simply wasn't patient enough and was just watching my P/L instead of the trade. Hope that helps!
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good trade. why did you decide to exit all of your positions at 15.5? what did you see at that time that made you decide to exit?
thanks