PI is one of the stocks I traded heavily in August. My entries and exits are marked.
This one was first entered before I began studying IPOs As a result my initial buys were not as good as they should have been. That first trade was a loss. The second two were profitable.
My After-hours earnings buy was a thing of beauty. I got that price because I understood that earning were extremely positive well before most other did. This stock barely moved the first 30 minutes in A.h.. I only put a 1/2 position, the next morning the stock ran hard and then it had its pull back. I tried to get my 5-6 entry-- (5 min chart bounce on 6ema ) on the pull back. But I got too cute trying to just bid up. I never got filled. Had I simply hit the ask, I could have had 24.80. I made $2.40 on this trade. Had I gotten filled on the second 1/2--- that would have been the position I held with my stop moved to b/e. Obviously that would have been a monster.
Here's how I should have traded PI:
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