Shared by
mirko_BOWS
My best trade of the day!
Premarket gapper riding nicely on the 9EMA so I entered the trade at the flag breakout and rode it along selling partial positions on the spikes. Really pleased with this trade!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-10 11:08:09 | ITMN | buy | $13.100 | long |
| 2014-02-10 11:08:09 | ITMN | buy | $13.100 | long |
| 2014-02-10 11:08:09 | ITMN | buy | $13.100 | long |
| 2014-02-10 11:08:09 | ITMN | buy | $13.100 | long |
| 2014-02-10 11:08:09 | ITMN | buy | $13.110 | long |
| 2014-02-10 11:08:10 | ITMN | buy | $13.110 | long |
| 2014-02-10 11:08:10 | ITMN | buy | $13.110 | long |
| 2014-02-10 11:08:10 | ITMN | buy | $13.130 | long |
| 2014-02-10 11:12:05 | ITMN | sell | $13.210 | long |
| 2014-02-10 11:12:12 | ITMN | sell | $13.210 | long |
| 2014-02-10 11:12:12 | ITMN | sell | $13.210 | long |
| 2014-02-10 11:18:47 | ITMN | sell | $13.310 | long |
| 2014-02-10 11:26:55 | ITMN | sell | $13.475 | long |
| 2014-02-10 11:33:09 | ITMN | sell | $13.555 | long |
| 2014-02-10 11:44:35 | ITMN | sell | $13.719 | 0 |
Comments
Nape_BOWS
EL_BOWS
Great entry. Scalus outus maximus (*latin for: too many scale-outs). The first sell was understandable as it was running into resistance, but the 2nd & 3rd were both without resistance -- actually, maybe there was on the daily? I don't have my charting software up and it's hard to see here. Either way, the stock hadn't rested at all there and was just heading north. Still, profits are profits when you book them!
@Gena - the 200 was almost $2 away on entry, almost 15% of the stock price.
- I clearly don't speak latin.
Gena_BOWS
Hey EL - On my charts at least (TC2000), the 200dma was at around 13.19, only 9 cents above his entry
Hey Gena -- sorry about that! I was looking at the 50, my bad! Great eye.
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Oh pretty pretty pretty! I understand the first sell, with the looming 200dma above on the daily chart and the hod potential resistance. Not sure the reasoning for the 2nd and 3rd sells though? The only resistance I can see on the daily chart is around 13.65-70 or so. I see you did sell your final around there - good job! My only risk comment about this one is that I would have been wary going in knowing that 200dma on the daily chart could have been a big resistance area. But you nailed it!