Bought INSY on the flag break. On this chart, I can see it is extended and needed rest before I bought in for anything beyond the scalp. Not so obvious on TC2000 chart. Or .. not to me. ;)
Anyway, 1st 1/2 sold near HOD. 2nd half stopped at buy price.
Hindsight.. should have scalped all shares at first sign of weakness.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-16 10:16:55 | INSY | buy | $39.860 | long |
2013-12-16 10:18:01 | INSY | buy | $39.925 | long |
2013-12-16 10:18:08 | INSY | buy | $39.920 | long |
2013-12-16 10:18:08 | INSY | buy | $39.930 | long |
2013-12-16 10:18:08 | INSY | buy | $39.930 | long |
2013-12-16 10:43:41 | INSY | sell | $40.460 | long |
2013-12-16 10:43:49 | INSY | sell | $40.480 | long |
2013-12-16 10:57:00 | INSY | sell | $39.900 | long |
2013-12-16 10:57:00 | INSY | sell | $39.910 | long |
2013-12-16 10:57:02 | INSY | sell | $39.890 | long |
2013-12-16 10:57:02 | INSY | sell | $39.940 | 0 |
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Looked a bit overstretched to me. And that price action with the two candles indicated more of a reversal than a pullback in my opinion.