Day Trade: Long VIP 30-min chart

Entry @ $79.53 / 700
Exit @ $83.18 *** update 10:51am ***

				Entry	:	$79.53
				Size	:	700
				Exit	:	$83.18
				Stop Loss	:	$78.70
				Risk	:	0.83
				P/L	:	$2,555.00
				R	:	4.40

I have been stalking this stock for the last 3 days but the price action did not merit any trade entry. When I saw that it started to breakout in the open, I tried to enter at the market price when it was still at $79.00 but this stock does not give good spread between bid and ask. My trade was cleared $0.50 cents higher at $79.53. I sold my position when the 2nd cstick moved up to $84 then it started to slide .50 from the top. I had to give up another $0.25 in the spread just to get out.