This was a monster day trade and it was straight off our FREE daily watch list. I said I was watching $ORPN out of the gates but that it needed more volume. I didn’t take the break of pre-market highs, but I did enter on the first pullback once I saw volume was coming into the name. My first entry was for the break of $4.50 and the move toward $5.00. I traded this all the way up through the $7.00 breakout. This was one of my biggest single trade winners in a long time. I was so confident I traded this in 2 of my trading accounts, for a total profit of $5465 in less than 25min. The entire trade was recorded and will be added to the archives for our Day Trading Course Students.
From the Free Daily Watch List…
$ORNP, Float is 4.09m shares, gapping up 45% on extremely light vol. Need to see the vol. – Headline BioBlast Pharma Reports Positive Phase 2 HOPEMD Open-Label Clinical Study Of Trehalose 90mg/ml in OPMD, Was observed To Be Safe & Well-Tolderated
— Ross Cameron (@DayTradeWarrior) March 16, 2016
Our students are doing well. I think this one was a little difficult because the spreads were so big, and if you marketed in and our, you likely got a lot of slippage. I like to see these polls in the 80% range, but 70% isn’t bad. Good job everyone!