Great morning call out by Kunal! This was a great morning trade for me to practice on. Price action was strong but not moving too fast. I went long 1000 shares - mrkt order w/average fill of $16.475 after looking at the chart and seeing it had a nice double top at $16.50 It broke through and I watched the 1-min as it climbed. Sold 500 shares at $16.56 thinking it was time to take profits and scale out. lee the other 500 shares climb till it tested $16.85 and sold as it pulled back at $16.82. Great trade but I should have gotten back in after it broke out again at $17.50 but I also thought it was overbought at that level. This was also a confidence booster trade for me after losing on a couple others and also gave me good practice on scaling out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 09:45:15 | SGMO | buy | $16.480 | long |
2014-01-09 09:45:15 | SGMO | buy | $16.472 | long |
2014-01-09 09:48:37 | SGMO | sell | $16.560 | long |
2014-01-09 09:48:37 | SGMO | sell | $16.560 | long |
2014-01-09 09:48:37 | SGMO | sell | $16.560 | long |
2014-01-09 09:48:37 | SGMO | sell | $16.560 | long |
2014-01-09 09:48:37 | SGMO | sell | $16.570 | long |
2014-01-09 09:48:37 | SGMO | sell | $16.570 | long |
2014-01-09 09:53:36 | SGMO | sell | $16.824 | 0 |
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