Shared by
iStryker_BOWS
Long 1
Tried to catch the pull back, failed.
Short 1
Saw it was bear flagging, it pop over 9ema for a split second, then couldn't hold it. Perfect entry was 5.65 got filled @ 5.60.
Readded a 1/4 of position when it pop over the 9ema but look like it couldn't hold it. (Perfect entry was 5.41, got filled @ 5.36). New stop 5.45.
And I got shaken out, should've set my stop on my short @ 5.51, not 5.45.
Long 2
Stopped out, switch to long. Tight stop, no set price, looking for break of 5.50 and rip.
No go, sold @ 5.35. Stock looks like bear flag again.
Long 3
Stock pop and held 9ema. 9ema has flatten out signs for a reversal. In @ 5.42, stop 5.20. target 6, first resistance 5.50
12:20pmish - sold @ 5.30, wanted to hold but was about to leave until the end of day.
Conclusion
P&L - $5.00. I should have never done the first long
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-20 10:10:27 | IPCI | buy | $5.750 | long |
| 2013-11-20 10:12:21 | IPCI | sell | $5.500 | 0 |
| 2013-11-20 10:26:31 | IPCI | sell | $5.600 | short |
| 2013-11-20 10:35:00 | IPCI | buy | $5.390 | short |
| 2013-11-20 10:51:22 | IPCI | buy | $5.100 | short |
| 2013-11-20 11:00:44 | IPCI | sell | $5.360 | short |
| 2013-11-20 11:04:44 | IPCI | buy | $5.460 | 0 |
| 2013-11-20 11:05:02 | IPCI | buy | $5.450 | long |
| 2013-11-20 11:08:35 | IPCI | sell | $5.350 | 0 |
| 2013-11-20 11:56:31 | IPCI | buy | $5.420 | long |
| 2013-11-20 12:28:00 | IPCI | sell | $5.300 | 0 |
Comments
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Tuff to gauge as the selling equaled the buying.