Gap up in the daily from positive news. Broke out of the lower range back to its highs pre-gapdown. Opening range break on the daily. I tried to add on the pullback but accidentally sold (I'm still new with these hotkeys). Stock bounced and I got back in on the re-break of the opening range. Scaled out a little too heavy in at the beginning. I have a tendency to scale out again right after I just did. After the first scale out, let the stock ride a little bit. Scaling out again too soon defeats the purpose of scaling out. Scale out so that you some profit locked in which gives you a cushion to let the rest develop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 09:42:44 | NBIX | buy | $15.690 | long |
2014-01-07 10:02:52 | NBIX | sell | $15.535 | 0 |
2014-01-07 10:09:58 | NBIX | buy | $15.899 | long |
2014-01-07 10:12:44 | NBIX | sell | $16.350 | long |
2014-01-07 10:22:48 | NBIX | sell | $16.660 | long |
2014-01-07 10:41:00 | NBIX | sell | $17.701 | 0 |
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