Above is how we traded VRX. We went into today not even expecting this gift from the market gods but here it is. Soon as the news came out that Congress issued a subpoena to them, market reaction was swift and deadly. They initially hit 172 before rallying to 180 to do the usual stop hunt. That's where I struck my short.
I initially targeted 170 because in these types of plays, the BTFD crowd will try to pump it up but thank god I was busy playing Starcraft II multiplayer, I left my Buy Order at 160 and it hit before I got smoked by a few Koreans playing on Korhal.
In any case, the trade was a gift - it was something that nobody expected to happen and yet here we are. The tweets above are from our private twitter feed to show you that we trade real-time and inform followers about the trade we're taking.
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Traders from Equity Sense will be writing on this blog on positions and other market-related things.