Jayron's Stock Trades 25 May 19 (Warning it's disastrous)
Updated: Jun 8, 2019
Last week's trading results taught me a hard lesson on the need to continue being humble in trading. Disaster struck me as one of my long stock, BioCryst Pharmaceuticals (BCRX) gapped down more than 50% pre-market. This means that when the market isn't open yet, the stock price had already tumbled down to less than 50% of its price yesterday. As a result, my stop loss was not filled until when the market opened at less than 50% of its original price (chart of BCRX is shown below).
This was a painful lesson for me but it definitely hardened me mentally and made me review my strategies. I know that stop loss are never guaranteed in trading especially in situations of gap downs and therefore I knew I will eventually have to endure such experience in my trading journey. This trade had also taught me to give more attention to the position size of a trade and avoid going long on small cap pharmaceutical stock with negative earnings.
Thankfully, my exposure to this stock wasn't large enough to cause a catastrophe to my trading account. On the optimistic point of view, I had experienced what many others haven't (a 50% gap down), and yet continues my trading journey (when others would have given up). Anyway with a few digits less in my trading account, life still goes on and the hustle continues.
Today. there will be 2 sections presented namely:
Updates on closed positions last week (20-24 May) which includes the gapped down BCRX.
Opportunities for the coming week
Updates on closed positions

Stock: BCRX
Signal date: End of 3 May 19
Entry price (cyan line): $7.62
Stop loss (red line): $7.09
Take profit (green line): $8.68
Feedback: Gapped below stop loss to fill at $3.20 (-8.32R)

Stock: FL
Signal date: End of 10 May 19
Entry price (cyan line): $56.13
Stop loss (red line): $53.09
Take profit (green line): $62.21
Feedback: Hit stop loss (-1R)
Summary: Month to date, 2 of my stocks hit take profit, 2 hit stop loss 1 gap down badly.
Opportunities for the coming week
(Entry on 28 May 19 as 27 May is a NYSE holiday )
Disclaimer: The charts displayed are meant for educational purpose. None of the content contained here constitutes a recommendation to make any investment. I am not responsible for any loss arising from any investment based on any information contained here.
Stocks to go long: LSCC, DE, CTSH (charts below)



Stocks to go short: CRAY (chart below)

Even though times are bad, experience is priceless. I will continue to do the right thing. All the best. Cheers!