Shared by
chauntelowe_BOWS
Looking back I think this was a stupid trade with my sizing. It is my greatest weakness. I am going to write in my journal about position sizing and will have to start using the template or something, because this was a bad trade when it came to sizing, it could have went very bad in the other direction and I see that now.
Shares traded: 340
Closed P&L: $811.20
150 was way too many with such an expensive stock with a wide spread.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-10 15:06:00 | ICPT | buy | $447.640 | long |
| 2014-01-10 15:10:38 | ICPT | sell | $453.180 | 0 |
| 2014-01-10 15:11:12 | ICPT | buy | $453.000 | long |
| 2014-01-10 15:11:31 | ICPT | buy | $452.780 | long |
| 2014-01-10 15:19:17 | ICPT | sell | $451.900 | 0 |
Comments
chauntelowe_BOWS
I should have gotten 50 shares. It has really good news, and was upgraded by many analyst to over $800 from $80. They found a successful cure for non alcohol related liver disease. Never the less it was careless to buy this many shares. (oopsie)
becourbin
Had you bought less shares and made money, would it have been a good trade?
I believe we must control risk when trading, and regardless of the outcome this was very difficult to do to with this stock, no?
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
lol, yeah man, waaaaay too many shares. Thats like a 150k order right there :P. I was thinking of going in on this one with 20-40 shares max.