$RPRX was up big yesterday but I didn't play since it's up already and I don't like to chase.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEtjcvakwymjsuOonD6fqYX6WpABHoWfeBK4dpJiIUDb6pjtZAytKPsClS_bEKGxdp1xykgpBaS8ahXaqZjcDkG_8iF2K3cxQtxm1NJZ0fvL1CwjaJ8GZQq-Ywx8D8-rF7Ei5zNqk9bLs/s640/rxrp_041416_daily.png)
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..
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQj1C4N8jRt1qGIznEBNkQihYWfQtPq2PRJsx2n3OeGTlUSH8zbxcc2AXCJ0KhEzk7B2A_1WAkMn4pt47dHVhpaUEydCDeiUWBjI4qjEu6TrW2hM_Yz3AwmMJUtwagiC6auam9KHEsCDM/s640/rprx_041416_2minutes.png)
$STX was down big time but I don't have a set up yet.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs50yAeuUKIcVu4o6vmpbrIfBJgv0MzFuGyEv0lgB3Ve9AJq7_6FwtR9_iXf7Qu-ItqZKQpKTXJApkJ2PHWZXgc5Om3Mo_oHnsgqN7kTZD6Qq_EMxEBOW8KrkiYQpXEOYXTcPIEsRDNU8/s640/stx_041416_daily.png)
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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEii_rOGUf0D7gMnLA96O_qp5AGxE35sFtg3s6kUflNSm-nh23PH3G0Qe-Ce_tUheu5zFFf7tepup4aJ6kt97B2qsGqWaHnRYqk5vYYavcG505gJLvvVaTEELgZvb-OJve6wHlrdIv3f_Ac/s640/stx_041416_2minutes.png)
No comments:
Post a Comment