XOMA Trade on Jul 10, 2015 09:41 from KyleErvin_BOWS: Tradervue User Stock Trades.

Shorted a bear flag at the open in $xoma when it broke the trend line as well as it's moving averages and vwap.

I didn't get quite the dump I was looking for but my risk was very small at only .05 cents so I could technically have 1000 shares while only risking $50 dollars according to my trading plan. However, this is unrealistic because I will have a limited number of shares I'm allowed to have in clique so I really wouldn't have made much on this trade. I think I will start focusing on stocks in the mid price range so that I can maximize profits with a smaller number of shares. That isn't to say that I will ignore setups in lower priced, or higher priced stocks, just that I will focus on stocks that can give me a higher return with fewer shares. This isn't going to be a rule but probably more of a habit. We'll see how it goes. I'm still fine tuning and tweaking my trading plan for clique so it's a trial and error type of thing. It was rather risky to short this thing one day into a major run but when it broke support and showed weakness right away I shorted on confirmation then covered quickly. Being the type of market it has been I have been taking profits right away anyway. Something is better than nothing, especially for a Friday which is usually a tricky day for me. I plan to just trade according to my strategy and any limitations that come into play at clique will only help make my risk be that much smaller.