NYMX Trade on Apr 2, 2015 09:50 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

I was watching for a continuation today with a break above 1.35 resistance. It spiked through this level within the first 5 minutes so I was looking for a flag or pullback to enter. Once it pulled back to the 9 EMA and began rounding upwards into the VWAP I entered 2000 shares at 1.40 with a stop at 1.35. I scaled out half my position into the first pop at 1.51. After it had broke above the first flag I scaled out 250 at 1.59, 250 at 1.64, and 100 at 1.68. As it flagged again I was considering re-entering as it had a strong volume pattern and the 9 EMA was holding as support. I wasn't confident enough and didn't want to give back to much of my gains so I passed on the opportunity. After it had broke out the flag I began scaling out 100 shares at a time. I had a trend line drawn from my entry to the apex of the flag and onward. Once the stock broke the 9 EMA and trend line I was thinking it would start to pullback deeper or potentially flush so I sold my last 100 shares at 1.78.


Execution detail:

Date/time Symbol Side Price Position
2015-04-02 09:50:50 NYMX buy $1.400 long
2015-04-02 09:55:12 NYMX sell $1.510 long
2015-04-02 10:09:25 NYMX sell $1.590 long
2015-04-02 10:12:40 NYMX sell $1.640 long
2015-04-02 10:14:14 NYMX sell $1.680 long
2015-04-02 10:57:26 NYMX sell $1.780 long
2015-04-02 11:00:45 NYMX sell $1.880 long
2015-04-02 11:02:15 NYMX sell $1.920 long
2015-04-02 11:25:56 NYMX sell $1.780 0


Comments

2015-04-03 21:17:10
 

great job man. nice scale on trade risk free as well.

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