Took 300 shares at 3.85 and sold from 4.21 to 4.90, then 500 shares from 4.70 selling from 4.80 to 5.15

So my new favorite trade is shorting these biotechs with horrendous long term charts. They spike fast in the p/m then hit massive resistance. I tested this one long instead of getting short...

Better late than never I suppose.

PTON Chart looking nice. My game plan just took a few days to emerge.

The most annoying thing is how accurate my targets are. Of course, I am the one whe FOMO'd into the trade too soon. Plus I played too large and didn't allow enough room for risk.

I played this ticker well, but in the end I wasted a lot of time on a ticker that hugged VWAP all day. With more weakness I would have considered a swing o/n, but had to cut it all at days end when there was still plenty of strength.

The I.B.S. (Irrational Biotech Spike) is a frequent occurrence. One has to be cautious though as many Biotech spikes are very much warranted, depending on the news and overall chart.