ARWR Trade on Sep 24, 2013 10:14 from ckz8780: Tradervue User Stock Trades.

Daily flag break. Entry was a bit high given the intraday chart but It was still relatively low risk with a stop at $4.83. I was able to quickly move the stop up once it held the $5 daily breakout. I was probably a bit erratic on the sells looking at the fact that they were all in the same candle, and then I got a bit greedy, adding back to 1200 shares on the HOD break. I gave back almost $300 in profit by letting that add come back down too far. I was up over $700 on this and only took $465 at the end of the trade so while it was a decent profit it could have been managed better.

2000/1200 shares
+$465.40 (9.04%, -1.31%)

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-24 10:14:36	ARWR	buy	$4.980	long
2013-09-24 10:26:44	ARWR	sell	$5.171	long
2013-09-24 10:28:54	ARWR	sell	$5.251	long
2013-09-24 10:28:54	ARWR	sell	$5.299	long
2013-09-24 10:37:00	ARWR	sell	$5.403	long
2013-09-24 10:57:48	ARWR	buy	$5.429	long
2013-09-24 10:57:48	ARWR	buy	$5.429	long
2013-09-24 10:57:48	ARWR	buy	$5.430	long
2013-09-24 10:57:48	ARWR	buy	$5.430	long
2013-09-24 10:57:48	ARWR	buy	$5.430	long
2013-09-24 10:57:48	ARWR	buy	$5.430	long
2013-09-24 10:57:48	ARWR	buy	$5.430	long
2013-09-24 11:36:45	ARWR	sell	$5.361	long
2013-09-24 11:36:45	ARWR	sell	$5.361	long
2013-09-24 11:36:45	ARWR	sell	$5.360	long
2013-09-24 11:36:45	ARWR	sell	$5.360	long
2013-09-24 11:36:45	ARWR	sell	$5.361	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ARWR&trade=602038&end=20131024&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ARWR&trade=602038&end=20130924133645&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ARWR&trade=602038&end=20130924113945&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-26 01:23:08

What gave you conviction to enter that high up? Was it from the carry over flag at 4.80 from previous day?

ckz8780

2013-09-26 08:29:28

Two things: First it was the third tap at $5 (a nice round number) on the daily chart. Second it had huge volume. I looked at it like it was definitely going to make an attempt to break $5, so if it didn't hold I could just get out for a 10-15c loss. I also knew that based on the previous daily breakout if it ran it could run 50-60c so it had big potential. It had been flagging for about the same amount of time as the last time it broke out too, so the timing seemed right.

ARWR Trade on Sep 24, 2013 10:14 from ckz8780: Tradervue User Stock Trades.

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