My final trade was a small .10 cent scalper trade in GILD. I usually don’t take these trades but the setup was too good for me to not take the trade. I’ve seen this pattern before many times and I know the trade was good for at least .10 cent pop and I expected the price to roll back over as it did. I found GILD as one of my morning bullish gaping stocks, not a great gap, but it made the list for a play later. I’ve been watching GILD all morning have bullish price action but with no follow through to the upside. I finally found a 5 minute entry, but I knew that it would be good for only a .10 cent pop, so I pounded my entry with full share size with plans to unload 1/2 of my shares after the .10 cent pop. As I expected, GILD rolled over quickly and I sold my entire lot. Decent little scalp which has me even for the day. I’ve got things setting up for the afternoon, hopefully something will push me over the top for the day. Here is the chart for my scalp play in GILD….
