Sorrento Therapeutics (SRNE) again was the stock du jour, doing 238,000 trades and $1.75BB in volume. Having learned my lesson last week about IB’s erratic borrow (and it was indeed erratic again today), I went straight to the brookie and borrowed shares at 4.73 cents ($473 per 10,000), I later went back for more and they were 4.57 cents. The stock tested hourly support pre-open and made a push into the RTH open which gave me a good spot to get short. I was targeting the SSR trigger level (6.08) and kept in mind Dave Mabe’s pleas never to take partial profits or “trail” a stop, and down down down it went to the SSR trigger level, whereupon it reversed (as they all do) and went into the RTH close around 6.50. I wasn’t entirely a good boy since I was greedily eyeing a larger time frame level to get out, but I did cover most of it at SSR trigger and into the close.

Big win, serious coin, sick coin, brah. Banked. Nailed it. You know how much I hate all those terms, and when I repeat them it’s tongue in cheek. Study all the key points on the bar/candlestick/Heiken Ashi/ whatever you use arbitrary time slice linear chart, then study the Bookmap during those key times. Notice anything? I’ll keep posting these until you do, don’t worry.