Shared by
Jerry_C_BOWS
Saw a flag pattern develop with decent vol behind it. Since it was late in the day, I didn't set a stop because I saw clear levels of support. GALE cracked through all 3 of them.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-11 15:24:11 | GALE | buy | $3.410 | long |
| 2014-06-11 15:36:59 | GALE | sell | $3.250 | 0 |
Comments
Jerry_C_BOWS
Nape_BOWS
2014-06-11 17:22:06
This is the 3rd day this stock is up. Trying to play it for a eod move is risky IMO.
Patti-Garland
2014-06-12 00:11:19
yeah, too extended on the daily
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End of day is a killer. It seems like around 3:30pm, the rules of gravity go haywire, and any stock can go any direction.
Right now, I stay out of any stocks after 3:30, unless I'm getting in for a swing play. But I've noticed that once a stock picks a direction, it seems to keep going that way. So on days where I trade the whole day, I'm considering waiting for the EOD runs to start, and then getting in for short-term plays in the last 20 minutes of the day to boost my P&L.