$545.50! - VIPS...Two Lessons Learned: 1) This stock opened my eyes to the power using smaller positions with more powerful moving stocks. 2) If you realize that you bought too early in a pullback, it's ok to buy more shares at the bottom of the pullback to average down your total cost.
VIPS had a nice flag on the daily and was on its second day of big positive movement. I had a pretty good entry on the first pullback (almost missed it) and then scaled out really well for gains of $1.04/$1.29/$2.40/$3 per share!
On the second pullback I entered too early and added another 100 shares further down to reduce my average price. This ended up saving me some coin as I put in a really tight stop that closed the position out without any gain/loss. Could have made another $500, but I didn't want to risk it any further...overall really happy with this new discovery of big movers with less shares.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-19 10:53:49 | VIPS | buy | $59.690 | long |
2013-09-19 10:53:49 | VIPS | buy | $59.710 | long |
2013-09-19 10:53:49 | VIPS | buy | $59.720 | long |
2013-09-19 11:02:32 | VIPS | sell | $60.750 | long |
2013-09-19 11:14:42 | VIPS | sell | $61.000 | long |
2013-09-19 11:17:11 | VIPS | sell | $62.090 | long |
2013-09-19 11:20:38 | VIPS | sell | $62.720 | 0 |
2013-09-19 11:39:07 | VIPS | buy | $62.148 | long |
2013-09-19 11:49:34 | VIPS | buy | $61.330 | long |
2013-09-19 12:16:07 | VIPS | sell | $62.015 | long |
2013-09-19 12:16:07 | VIPS | sell | $62.015 | long |
2013-09-19 12:16:07 | VIPS | sell | $62.015 | 0 |
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