Good trade on APRN. I bought the stock at 100% of my buying power for a long position of 1,745 shares at 3.75 for the first 1-minute candle to make a new high. I scaled out of my position on the way up for a 5-20 cent scalp. My regret here was on selling half of my position 5 cents short of my profit target of 10 cents. I thought that 3.80 was my 10 cent profit target by mistake. My plan was to sell another half of my position after each 10 cent increment. This is a good, small win for this account. PXS also traded today. Ross Cameron lost money on the day with this stock. The daily candle on this stock also showed a large rejection just like on Friday and retraced greater than 50% of its move. The stock never halted on the way up, just like Friday. This is unusual activity for a small-cap stock. Given the large range that this stock is able to put out, I may consider scalping it tomorrow for a continuation. I realized that I could take 100 shares of this stock for a 1 point move and keep a 5 cent stop with relatively little risk if I can get a good entry price at a breakout spot. That's $100 with smaller commissions than if I had taken 100% of my buying power for more shares, not that I can take a position on PXS with margin since it's restricted on Suretrader. Will consider this for tomorrow morning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-04 09:44:25 | APRN | buy | $3.750 | long |
2017-12-04 09:44:59 | APRN | sell | $3.800 | long |
2017-12-04 09:45:40 | APRN | sell | $3.850 | long |
2017-12-04 09:46:20 | APRN | sell | $3.900 | long |
2017-12-04 09:46:41 | APRN | sell | $3.950 | long |
2017-12-04 09:46:48 | APRN | sell | $3.950 | long |
2017-12-04 09:46:52 | APRN | sell | $3.950 | 0 |
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