Daily: ER/PR Gap-down
Intraday: Pre-Market Short
Gain: $416 ((4.7%)
Shares: 100
Stop: $89.00
Pre-market data was flagging at LOD. Shorted stock on opening candle when it broke pre-market flag and made new LOD. Bought only 100 shares with a 50ct risk as I have never taken a trade on the first candle. Price dropped rapidly and I scaled out on spike down and as soon as price started to move back up on second candle.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-16 09:32:29 | NUS | sell | $88.549 | short |
2014-01-16 09:34:44 | NUS | buy | $84.340 | short |
2014-01-16 09:35:17 | NUS | buy | $84.440 | 0 |
Good job!
Nice! I've never played the first candle as it seems a little risky. But you were in and out pretty quickly - awesome! It's amazing it dropped down almost 5$.
Hell of an entry. You were right on top of the action on that thing.
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NIce Trade!