Shared by
EL_BOWS
Crazy run in the morning. I DONT KNOW HOW TO TELL IF A STOCK WILL JUST RUN ALL DAMN DAY (SEE NETFLIX) OR IF IT'S DONE SON. YES, it's capslock frustrating.
Bought on what looked like confirmation of a pullback. I don't know why it shows a large red bar here, it's green in ToS. So two small red candles pulling back to MA, I bought after the next candle went green. Immediately reversed and I got stopped out.
Anyway, like a boss I violated my max loss by 2.5x. Position, even at 100 shares, was way too heavy for a stock that moves like this. But of course, I ignore that rational thought at the time of purchase. Super easy to do when you're down a bucketfull on the day and want to "get 'er back!"
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-28 14:22:38 | ICPT | buy | $309.510 | long |
| 2014-01-28 14:32:42 | ICPT | sell | $307.000 | 0 |
Comments
Sayed
Well said Nape.After a 15$ straight run stock needs some time chill.
BlacktieTrader
Also notice the inverted hammer on the 5 min candles, looks like 3 candles prior to your buy. Once it broke below the low of that candle is a signal to get short against the high of that candle.
EL_BOWS
Nape_BOWS
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Setup wasn't there.
Notices how the moving averages are close together and flatten out here before the big run up. This is what you see. Tight consolidation alone with it coiling up making higher highs and higher lowers...http://screencast.com/t/qmuLNUnf