INSY Trade on Oct 8, 2013 09:57 from mirko_BOWS: Tradervue User Stock Trades.

$INCY was on my short list for today, if it showed signs of weakness I was going to short it but as soon as the market opened it showed strength and started flagging so I entered the trade on the flag breakout but out of sudden market started crashing down and so did the stock so I exited with a loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-08 09:57:34	INSY	buy	$51.950	long
2013-10-08 09:57:34	INSY	buy	$51.950	long
2013-10-08 10:10:49	INSY	sell	$51.150	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=INSY&trade=632428&end=20131107&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=INSY&trade=632428&end=20131008123549&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-10-08 15:13:23

Nice attempt and GREAT stop. This right here is why stops are a must!!

Nape_BOWS

2013-10-08 16:13:05

yeah that daily chart was way to extended.. it was due for a pullback

kunal00

2013-10-08 21:26:46

6 up days in a row homie! short short is the only thing on ur mindu see that flag u hammer it short..not long

mirko_BOWS

2013-10-09 02:48:56

@Kunal:
True story brother, I knew that from the moment I've put it on my watchlist but upon market opening it looked like to me it was showing some strenght:

huge initial candle,
higher lows and
it seemed to be coiling up nicely for another push

wrong judgement on my side :/

INSY Trade on Oct 8, 2013 09:57 from mirko_BOWS: Tradervue User Stock Trades.

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