Shared by
Spartan_Trader
Got this trade idea in chat-room. Pulled it up and saw huge interest in it as volume swelled. It pulled back after huge run, began to flag, as it broke out of the flag I got in. Scaled out 1/2 position into pop. My mistake on this trade was not raising my stop to buy price. I raised it, but leaving some room if it corrected again as I did not want to miss a big move (if it occurred), as a result when it faded it's gains from the second run, I gave back the profits I had secured while scaling out 1/2 position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-07 12:10:20 | ITMN | buy | $34.660 | long |
| 2014-03-07 12:25:33 | ITMN | sell | $34.990 | long |
| 2014-03-07 12:54:03 | ITMN | sell | $34.450 | 0 |
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