BIOC Trade on Feb 24, 2015 11:46 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag

Stock opened real strong as was short bias but then couldn't short in clique so let it off radar as it seemed like it had broken down but the grind and how it was moving did show signs of a crowded short trade especially after such a run up. I hesitated to get in around 3, which in hindsight is a mistake so I let it run near HOD and see how it was going to act. Wanted to see whether it would hold or flush back down. It started consolidating and holding, making higher lows so took a shot when it broke HOD as now, shorts are trapped and had to cover and momentum players were going to step in. Sold into the spike to decrease risk and then got stopped out couple pennies before buy price as once again, it flushed quick, took my stop as it seemed to break down and have a failed beak out to only snap back up and reach 3.5 target to get out some more shares. Frustrating yet again as I don't know how to handle those real quick spikes with wide spreads. Still got a decent base hit in it but still had about 1/3 of position left.
Happy I traded the process and not PnL especially being down, I could have easily traded it to minimize loss over the day but that is not how to trade so glad about that aspect.

Reasons to sell: spikes, stalling, buy price