This was a crazy stock today. It jumped up and started forming a nice flag. I bought a few times towards the bottom of the consolidation on moving average pull backs and scaled out on the spikes. I felt very good about these trades. I also bought in right towards the end of the consolidation and sold on the first spike. Im glad I did because quickly after that it dropped like a stone.
Execution detail:
Nice trading man. Just a couple simple questions. On the first two entries did you get in because you though they were over sold and you started too see a rebound or were there other reasons? Great job, great sell points!
Thanks guys. My first buy was buying the ORB and I sold as it approached the high of day. Each buy after that was on the bottom of the tightening range that I could see forming. At the end when it broke the flag and failed to continue higher I sold out all of my position. KBIO has been very crazy, so I think I may take a break from it for awhile.
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Great trading!