I made three trades today, one of which worked to bring me into the green for the day in the last half hour. Longs outnumbered shorts by about 7 to 1 on my trading list today which is a little strange considering my only winning trade was a short sell in PLCE. It took forever for PLCE to break. This is a trade that I would have bailed on for a loss a few months ago – instead I hung in there and the price finally dropped after 3:30PM. I’m always a little uneasy taking setups like this since its so near the low – the that inverted hammer looked too good to pass up.
I also took a losing trading in ALNY. I’m actually trying an experiment in an attempt to trade more opportunities – we’ll see how that goes. This was part of that experiment.
Here’s one that I didn’t take, but would have worked out well. I had it all loaded up in my trading platform, but I passed at the last minute.