Bad day P&L wise. That puts a dent in morale. Here are the particulars:
S&P opening lower after a terrorist kills 49 people in a nightclub in Orlando. Financial markets are worrying about brexit.
EBIO: at 8:35 it looked like EBIO was bottoming. Went long at 8:36 and was quickly stopped out. EBIO continued lower.
COYN: making new highs, went long at 8:40, $2.10. Price action said bail, so was out at $2.15. Eventually went as high as $2.40 before falling quickly to below $1.80 and grinding lower.
CPRX: Shorted at 9:01 $0.6749. Way oversized for a bad setup. Was quickly stopped out for an oversized loss. If the stop is close, don't forget about slippage! Incidentally, the rise was short lived, and now trades lower.
EBIO: Tried a long at 9:31, $2.68. Price action spooked me and I bailed at $2.73 for a small profit. It kept going until $2.95.
EBIO: 9:43 in at $2.88, stopped out at $2.85. Was looking for a pullback to get back in. But the pullback was the beginning of lower highs.
EBIO: 9:46 Long at $2.77. Trying to catch a pullback for a larger up move. Again, only a lower high. I thought I was in at a good price, so let it hit the stop.
EBIO: 10:36 Short at $2.73. A new low, but the stock began to reverse. I am getting chopped up in the slush.
I got chopped up today. Now to work on improving...
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