I was watching this for a short as it had been up 6 days, put in a exhaustion candle, then a bearish engulfing candle the prior day. So I'm thinking this stock is going to gap fill. It gapped down a tad at the open but hit support at $113 and had an ORB. I was late to it rolling over but had a decent gain. I shorted again a little later thinking it was running into VWAP and it went the other way on me. I learned from reviewing afterward that I should have been more adaptable to what the stock was doing and longed the trade. I was able to cover for a small loss on a pullback to VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-12 10:09:41 | INCY | sell | $115.320 | short |
2017-01-12 10:25:52 | INCY | buy | $114.530 | 0 |
2017-01-12 10:35:12 | INCY | sell | $115.080 | short |
2017-01-12 11:39:43 | INCY | buy | $115.380 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!