I have to say, I don't feel like I'm trading with much conviction today. I got into Antares Pharma (ATRS) hoping to benefit from a bounce at $4.00 and while I got a bounce, it just seemed rather ordinary and not anything really meaningful. So I got out at $4.03 for a 0.75% gain.
Now I've bought BGC Partners (BGCP) at 5.09 and the break out is good through 5.10/11 and it has this beautiful inverse head and shoulders pattern to it but I am a tad-bit nervous about holding this one overnight. Depending on how it does in the final hour will determine my approach, but I'm leaning towards taking gains if they are there still at the close.
Here's my trade setup in BGCP.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
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