quick pullback buy, not waiting for vwap because spread is wide and price movement is pretty big already
stop: 74.55
My entry was techincally ok but the pullback created such a wide stop this really was not so great for any realistic R:R. I could have waited for a later entry as it coiled along the 9ema just below 80. Alternatively, I should have added size there to bring the trade up to reasonable size - that way I still have this pullback trade while waiting to see if that 2nd entry materializes.
I got out when it broke down on volume - had a very very hard time getting filled
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-04 09:54:43 | INSY | buy | $78.950 | long |
2014-03-04 13:02:23 | INSY | sell | $85.000 | 0 |
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