-$30 Loss
MCPLong Stock
ShayneL

MCP was a continuation o/n play. Had the volume (the majority of it was at EOD) and an uptrending chart. The goal was to see a spike in the morning and sell into it. If it dipped to 0.37 I'd add and if it broke below .37 i'd cut losses. Problem was I do not have level 2, and got scared out by price action. It looked like it couldnt go r/g, so I thought I'd sell into this pop towards r/g. Sure enough the stock ween r/g after a slight pullback. From here on no more trades until I get level 2.

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Broker:SureTrader
DatePrice
Entry6/5/20150.4088
Exit6/8/20150.4016
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  • Position Size1,500
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