Hollis-Eden Pharmaceuticals, 30-minute Chart
Questions:
1) Why would you be paying attention to this stock on Wednesday, October 1?
2) Is the trend up or down? Would you be looking to get long or short this stock?
3) Where would you get long/short this stock on Wednesday, October 1?
4) Where would you put the initial protective stop?
5) When would you stop trading for the day?
6) Where would you exit the position?
Answers:
1) Because it was unusually active, and very volatile.
2) Down. You'd be looking short.
3) Short at 19.74 on a sell stop below the 12:00 inside bar.
4) Initial Protective Stop: 20.15. (max. 2.08%)
5) Right after you enter the position or lunchtime, whichever comes first.
6) Stopped out on 2:30 bar.
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