PCRX Trade on Oct 15, 2013 09:42 from markmandy54_BOWS: Tradervue User Stock Trades.

Triple tap on daily and 30 minute showed a little consolidation. Took partial in the base with a buy stop at 54.15 add for a breakout. Volume poured in as it ripped and filled me at the top so put my stop in below intraday lows as was a false B/O. This was tuff as that volume looked legit and this thing ripped +.50 in minutes. Honored stop, on watch for tomorrow.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-15 09:42:39	PCRX	buy	$53.790	long
2013-10-15 10:24:12	PCRX	buy	$54.270	long
2013-10-15 10:43:25	PCRX	sell	$53.540	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PCRX&trade=644296&end=20131114&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PCRX&trade=644296&end=20131015160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PCRX&trade=644296&end=20131015125325&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PCRX&trade=644296&end=20131015112325&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-15 23:49:10

Low volume stocks make it difficult to day trade.. Plus the intraday chart is to messy.

BenRodts_BOWS

2013-10-16 18:38:18

I agree with Nape. Low volume stocks are very hard to day trade. Kunal did teach us to play stocks with an average daily volume of 250,000+ but i usually stick with stocks that have an average daily volume of 500,000+. When i do trade stocks with lower volume i make sure to only by a small number of shares. That way if it goes against me i can get out fast.

kunal00

2013-10-18 12:45:48

thin stock hot setup thoguh but u need a really tight pattern to do it..i trade these all the time but on pullbacks are really tight patterns..u cant chase it as there are no buyers every anywehre!

markmandy54_BOWS

2013-10-18 13:56:28

I'm noticing that kunal, that as they rising off that P/B bounce on low volume, i should expect a failed B/O and look to buy that P/B

PCRX Trade on Oct 15, 2013 09:42 from markmandy54_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax