Assumption and Play:
Callout from Szaman. Daily flag/PB. Looked like it was doing well in the morning, so I thought it might have more juice in the afternoon.
Outcome:
Sold half at first target. Held on for 16.30 but it quickly reversed.
Lessons and Mistakes:
Take profits more quickly during choppy markets. I should've set my next target slightly lower.
Also, this was a technical breakout so I should have been monitor the SPX closely since the market was so erratic.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-12 14:03:52 | INSM | buy | $15.960 | long |
2013-09-12 14:04:08 | INSM | buy | $15.970 | long |
2013-09-12 14:04:08 | INSM | buy | $15.960 | long |
2013-09-12 14:04:08 | INSM | buy | $15.960 | long |
2013-09-12 15:08:21 | INSM | sell | $16.140 | long |
2013-09-12 15:08:21 | INSM | sell | $16.140 | long |
2013-09-12 15:54:40 | INSM | sell | $16.010 | long |
2013-09-12 15:54:40 | INSM | sell | $16.020 | long |
2013-09-12 15:54:40 | INSM | sell | $16.020 | 0 |
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