Wednesday, September 24, 2014

CYBR IPO Daytrade

I've had pretty decent success in my IPO trades this year.  Most have been very short term holds.
CYBR was one that worked out very well despite leaving a hell of a lot on the table.

I bought the breakout after it had settled down from its first trades at 23.48.  This provided a clear stop loss of about 1 point. The broader markets were rallying so I figured this could run a bit.  And it did.  As I went up over 1.50 I kept telling my self don't get greedy.  I pulled the trigger as it ran.  As it turned out I sold way too soon as it popped 30.  It's a decent win nonetheless.  

Entry: 23.48
Exit: 25.40. 1R gain.


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