Friday, December 27, 2013

Trade of the day, FREE!!!

                  So I was only looking for FREE to close its' gap price from yesterday's close to catch a quick bounce, and it somewhat worked out decently. When long 2500 shares at 2.49 after a nice reversal hammer formed on the 5 minute chart. I was looking for a profit target of at least  .50 cents (hoping that it was going to bounce back to the low 3's), but unfortunately it didn't get that far, and I sold it at 2.74 when my trailing stop got hit. Still a nice profit though of $625. I'm most likely done posting trades on this blog for 2013, so have a great new year, and see you in 2014 with more of my "Trade of the day".
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 stocktwits or twitter @tradermike9. Thanks!

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