Shared by
James_BOWSsim
By 10:30 Biotechs were already tanking I longed this ETF once I saw it starting to make a higher high. Correct me if I'm wrong but I believe the first trade is a 1, 2, 3 pattern. Covered into spike and then sold the rest when I noticed the relatively weak volume. Quick scalp.
The second play later around 11:15 was an attempt to catch it before it broke out above its HOD from the open. Ironically it happened 5 minutes later after I got stopped out. I was fed up with this one after getting stopped out. Or so I thought... I then went on to trade its cousin LABU.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-12 10:25:48 | LABD | buy | $48.690 | long |
| 2016-01-12 10:28:14 | LABD | sell | $49.550 | long |
| 2016-01-12 10:29:31 | LABD | sell | $49.700 | 0 |
| 2016-01-12 11:15:31 | LABD | buy | $51.780 | long |
| 2016-01-12 11:20:45 | LABD | sell | $51.130 | 0 |
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