LPCN Trade on Mar 17, 2021 12:28 from VossiBop: Tradervue User Stock Trades.

Gravatar

Shared by
VossiBop

 

This stock was a pure technical play with no significant catalyst. The volume was also decreasing intraday. However, this thing was forming a very nice wedge pattern and the lower trendline was being respected over and over. I figured that if this pattern holds up, we will see some volume trickle back in. I longed the dip near the lower trendline and the stock ended up breaking out and making a new high of day with good volume. I was selling chunks of my position on the way up and got stopped out the rest when the stock failed to hold its new range. This is a base-hit trade for me. Nothing crazy in terms of profit but it helped me get my mindset right after taking an irrational loss yesterday.


Execution detail:

Date/time Symbol Side Price Position
2021-03-17 12:28:13 LPCN buy $1.878 long
2021-03-17 12:57:02 LPCN sell $1.960 long
2021-03-17 13:08:53 LPCN sell $1.982 long
2021-03-17 13:15:16 LPCN sell $1.930 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in