Took this early in the session which I don't normally do no bullish run here now time to sneak in a few hours sleep before weekend work. MBRX had been basing nicely of the low 2's and with good volume my entry was at 2.24 and closed out quickly at 2.21 with 1000 shares when 2.25 proved tough to crack through. Post trade video analysis: https://www.youtube.com/watch?v=A-lTY4muPIg.
Biotech discovery play. Anticipate spike and pullback before gradual climb, although chart had a few bag-holders. Gapped up, but mainly consolidated during market hours. Just used the stock to practice getting in and out of positions. Finished $50 up on the day, but gained a lot of valuable experience on how the market moves and things to be aware of. This was my sixteenth trade with 300 shares at 2.93 risking off 2.87 and out at 2.96 for a profit of $9.
Biotech discovery play. Anticipate spike and pullback before gradual climb, although chart had a few bag-holders. Gapped up, but mainly consolidated during market hours. Just used the stock to practice getting in and out of positions. Finished $50 up on the day, but gained a lot of valuable experience on how the market moves and things to be aware of. This was my fifteenth trade with 300 shares at 2.81 risking off 2.74 and out at 2.88 for a profit of $20.
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