Good day today. Ending +$1320 from trading AUPH and WFC
WFC I went long. It is a very rare thing for me to long a stock, but I gave it a try today! I longed twice but stopped out both times. Third time was a charm again today and I made back my $450 loss and then some. Covered the last bit to soon though. I was originally planning on holding 1K for 45.30 but decided to just cover. Probably let my P&L influence me here again, wanting to lock in green on this trade.
AUPH I had two really good shorts. One in the AM after the spike and pull so I had a defined risk level. Proud of that patients not to short front side. I am also proud that I did not chase weakness when it first opened and looked like it was going to tank. The second was after a big stuff move. That short was a little to soon and added in a little to quickly. Made the trade a little stressful at first, but I stuck to my trade plan and it worked out nicely. This thing had a heck of a time braking 5 late in the day but I held on to just 1/4 to capture that down side should it crack. It bounced off the low 5’s a few times so I covered the remaining shares. It did finally brake but not by much.
I missed the CRBP short today because I was so focused on the other two. I am disappointed I missed it. My plan was to short if we got a ramp to yeserday’s HOD. We got that exact ramp and had great downside after. Would have worked nicely.
