Shared by
mirko_BOWS
Gapped down premarket so was waiting for an intraday setup to develop.
Entered the trade on the flag breakout around 13h but chased it too much and didn't go up much.
Exited the trade being flat.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-07 12:46:00 | INO | buy | $1.990 | long |
| 2013-08-07 12:46:00 | INO | buy | $1.990 | long |
| 2013-08-07 12:46:00 | INO | buy | $1.990 | long |
| 2013-08-07 13:17:00 | INO | sell | $1.990 | long |
| 2013-08-07 13:17:00 | INO | sell | $1.990 | long |
| 2013-08-07 13:17:00 | INO | sell | $2.000 | 0 |
Comments
AnthonyC_BoWS
Bios are a strange group I've learned. Definitely worth the shot considering the risk to reward with this. Only thing I've noticed to suggest it was not ready is the 30-min chart. This stock seems to be obeying it lately, and it was stuck under both the EMA9 and VWAP.
Gena_BOWS
I think you did really well - you saw the set up/break at the end of consolidation and as it went over the 20ema, it moved really quick so you probably got the best price you could. then, when it broke its support at the 9ema, you got out quickly. this was a funky chart today on INO, so overall I believe this was a good trade, following your plan.
mirko_BOWS
Thank you guys, it's really encouraging to hear that I did not mess up big time :) I finally felt what does it mean when you say the market is choppy.
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worth a shot sometimes those stocks can go nuts.. look at opxa today when it based all day under vwap then broke it popped 10% .