Thursday, November 8, 2012

Trade of the day, MITK!!!

Made 4 daytrades today right at the open. I had 2 losing trades and 2 winning trades, and I was still able to make a profit overall going long when the market was going down.
Loser: Long 5,000 of CPRX @ .62 & stop-out @ .56= -300 Loss
Loser: Long 5,000 of BCRX @ 1.41 & stop-out @ 1.37= -200 Loss
Winner: Long 100 of PANL @ 21.75 & exited @ 24.05= 230 Gain
Winner: Long 1,000 of MITK @ 2.21 & exited @ 2.83= 620 Gain
In total today I still ended in the black for $350 profit even though I should have at least loss or broken even  the way the market was trading today.
Anyways, above chart picture is how I snagged MITK for a .62 point gain.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on twitter @tradermike9.

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