Thursday, April 14, 2016

04/14/2016 Trade status for $RPRX $STX

I want to go over these two trades today.

$RPRX was up big yesterday but I didn't play since it's up already and I don't like to chase.

This morning it's gap up over $2.60 and sell off to previous high. When market open I am plan to get long but I have to wait to ensure it's not falling below previous close line. I start in the 1/2 size position at $2.78, add on the dip $2.70 to the full size. I sell 1/2 at $3.05 the sell the rest at $3.30. At the same time I flip short $3.30 1/4 size risking $3.50. Plan to short some more $3.37 but press the wrong hot key and cover my position. At that point I am completely done with this trade. Overall great profit..

$STX was down big time but I don't have a set up yet.

As you can see I draw a line in the sand $27.27 support. If that line break I am in for short play. I start in short $27.26 risking a penny. My plan is to cover around 52W low at $26.39ish. When I saw the crack below $27.00 I set the stop loss $27.05 let it work but it hold $27.00 and heading higher then fill my shares at $27.05. Another small win trade.


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