Shared by
ckz8780
Finally broke that $3.65 area on the 3rd tap. I was hoping this would make an end of the day angry gorilla run but it was too exhausted. Oh well, nice little scalp at least
1000 shares
+$80.40 (2.19%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-22 15:18:33 | BCRX | buy | $3.660 | long |
| 2013-07-22 15:42:19 | BCRX | sell | $3.740 | 0 |
Comments
ckz8780
Yea you're def right! I also think $3.66 was too high. If anything it probably would have been better to buy at like $3.55 with a 5c stop and just assume the third tap would take out 3.65. That way if it failed you'd just be getting out flat or for a small profit vs getting out for a $100 loss!
markmandy54_BOWS
Looked like wanted to go as broke late day consolidation over 3.6. Looked good man and even ended up running hard the next day. Nice eye!
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nice, i tried this one too. it ended up working out but i think it was a bad trade in hindsite. Kunal reminded me that on stocks that are extremely extended like this one on the daily.. people tend to dump them towards the end of the day. so there is really no point in buying it like we did, when its highly probable that it will get dumped eod. People dont want t hold it overnight in case of gap down