Welcome back Traders and Investors! I had a pretty busy day yesterday so this post is a day behind! I was able to squeeze out two pretty decent trades for the day with Enzo Biochem Inc (ENZ), and Anchiano Therapeutics LTD (ANCN).
This trade went very well, coming into the profit pretty quickly! I was able to enter in short around 7.70 with 200 shares and closed the position around 6 dollars. The overall profit on this trade was $324 dollars added to the account.
The second trade I placed for the day was on ENZ! This stock was very volatile and a bit unexpected. I was in this trade pretty heavy with a position size of 452 shares. I am actually still holding 255 shares of this position short! I had to hold this position overnight in order to prevent any PDT Flag……..I hate this Rule. So far this position has already provided and if this stock can flush (go down in price quickly) at the open I will be looking to close the rest of my position out ASAP!!
On both charts the Thicker RED line represents my entry. On ENZ I got in premarket and had to hold through some upside pushes but was able to stomach the volatility into the profit.