I came across VIPS through my twitter feed. When it went red-green early I caught an entry. Scaled half out on the rise, and set my stop for the remainder just over my entry price. This was a very quick and low risk trade. I was just a little late on my entry on this, and I was away from my desk later in the day when it popped again. I have been using small positions to minimize risk, I made $96.50 on this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-08 10:27:09 | VIPS | buy | $90.860 | long |
2014-01-08 10:32:47 | VIPS | sell | $92.650 | long |
2014-01-08 10:55:53 | VIPS | sell | $91.000 | 0 |
Good catch!
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This one has enough range to make it worthwhile. Nice.