Starting off the challenge on a positive gain. Focused on a small list of stocks to watch, took one trade, and calling it a session unless an A+ setup presents itself.
Nucana (NCNA)
Biotechnology – Edinburgh
Up on reaction to release of final data. It was holding 6.50 and testing VWAP on the open so plan was to scalp mini breakout over VWAP. Entered as it broke VWAP and exited as it neared 6.95 resistance.
- ENTRY – Avg Entry Price: 6.6599
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 7
- ENTRY – Quantity: 100
- ENTRY – Stop Price: 6.49
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Increasing
- EXIT – Avg Exit Price: 6.82
- EXIT – How to Improve: Bigger Size
- EXIT – Overall Grade: B
- EXIT – Profit: 16.0100
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Full out profit taking
