I cannot remember if GNC was a stock that we were watching from our pre-market watchlist, or if it had popped up on the high of day scanners when I got in. Either way, I got in a good 1-minute consolidating pullback setup in anticipation of a next 5-minute candle to make a new high after a pullback.
The fills on GNC were not good, surprisingly not good on a higher float stock. The lots being executed were under 500 shares each, which was problematic as Suretrader charges a minimum commission fee of $4.95 on a $0.01/share structure. That means total commissions were larger than they would have been if it were simply $0.01 per share evaluated on simply the 4,000 shares taken.
Closed this scalp nicely for a 10 cent win, a $159.52 net realized gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-01-18 09:52:30 | GNC | buy | $4.730 | long |
2018-01-18 09:53:04 | GNC | sell | $4.830 | long |
2018-01-18 09:54:00 | GNC | sell | $4.830 | 0 |
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