$213.28...RPRX gapped up early and I entered in on the pullback. I should have waited a bit more for better entry, but luckily my stop wasn't violated and I was able to ride it back up before it fizzled out the rest of the day. I used my plan of scaling out 250 shares for my first and second sells and upped my stop price to my initial sell price to preserve profit again. This strategy seems to be working for me as I realized the stocks that DO run keep going so I save 250 more for higher gains instead of selling 500 on the first sell.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-17 09:38:32 | RPRX | buy | $26.870 | long |
2013-09-17 09:38:32 | RPRX | buy | $26.870 | long |
2013-09-17 09:38:32 | RPRX | buy | $26.860 | long |
2013-09-17 09:38:32 | RPRX | buy | $26.870 | long |
2013-09-17 09:38:32 | RPRX | buy | $26.870 | long |
2013-09-17 09:38:32 | RPRX | buy | $26.870 | long |
2013-09-17 09:38:32 | RPRX | buy | $26.870 | long |
2013-09-17 09:38:34 | RPRX | buy | $26.844 | long |
2013-09-17 09:38:37 | RPRX | buy | $26.878 | long |
2013-09-17 10:03:08 | RPRX | sell | $27.190 | long |
2013-09-17 10:03:08 | RPRX | sell | $27.190 | long |
2013-09-17 10:03:08 | RPRX | sell | $27.190 | long |
2013-09-17 10:05:00 | RPRX | sell | $27.380 | long |
2013-09-17 10:05:13 | RPRX | sell | $27.380 | long |
2013-09-17 10:05:13 | RPRX | sell | $27.380 | long |
2013-09-17 10:07:46 | RPRX | sell | $26.840 | long |
2013-09-17 10:07:46 | RPRX | sell | $26.845 | long |
2013-09-17 10:07:46 | RPRX | sell | $26.840 | long |
2013-09-17 10:07:49 | RPRX | sell | $26.943 | 0 |
I was seeing a breaking out pull-back setup with a significant gap-up in the morning. I think this one was called out in the chat today. Sometimes I wonder about how much of a setup is needed for these gap up plays (in terms of a daily setup to confirm the intraday setup)
@VASO
Around 9:55am looking at the 5min chart is where the bounce begun.
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No setup there... be patience and wait for clean setups before entering a trade.. build a case the make you decision rather to buy or short. we want to make money$$ off of our skills not luck.