AOI Trade on Feb 9, 2018 09:30 from jay_mtf: Tradervue User Stock Trades.

This one was fun. Low float of 8 Mil with a massive 40-ish percent premarket Gap Up right into 127% Daily chart Fibs.
My plan was to just short the open right upto the 127% retest. Stop would have been a bit higher than premarket highs and Tgt was the 200 EMA.
Execution was great, had some draw down off the hop but it quickly turned into my favour. After price broke the $217 whole number support which was also the 100% Yearly Fib (Confluence), it started to consolidte right under this level and I added to my position.
Price went sideways a bit more and then tanked straight to the 200EMA. I had a limit order for the majority of the position, but closed out the portion I added at the $17 level manually.

This stock is one of those that moves in $0.05 increments and although I did well, it was way too wide of a spread for me to play with with the size I took, moving forward these stocks have to be dealt with with more patience and smaller sizes.

Avg Price @ $17.67. Out 80% at $16.20 and 20% at $15.95