I had this on watch for a swing entry based on the daily bounce from 20 DMA. I like the fact that it is a recent IPO, and all the all time high give me a little head room for profit before it really even does much. This jumped right on open, and I entered on a pullback. Even though I was planning on not day trading this, I checked intraday and saw it drop through MA support so I sold some off. When it found support I re-added for a nice quick profit. I added a bit more later with a stop based on the intraday support, that ended up being a little too tight and that second entry got stopped out. So I have my profit on the day ($94) and I still have my original position. I am pretty excited about that, it's like selling something and getting to keep it too!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-18 09:43:56 | CARA | buy | $18.640 | long |
2014-03-18 11:29:43 | CARA | sell | $19.740 | long |
2014-03-18 11:39:33 | CARA | buy | $19.440 | long |
2014-03-18 13:20:18 | CARA | buy | $19.600 | long |
2014-03-18 14:13:15 | CARA | sell | $19.520 | long |
2014-03-19 09:47:59 | CARA | sell | $19.400 | long |
2014-03-19 15:11:15 | CARA | sell | $19.180 | 0 |
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Nice job, this also had that quick 1-2-3 reversal pattern.