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Day-Trade Setup in BGCP I Took - Sold ATRS for a Small Gainer

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October 04, 2012 – Comments (0) | RELATED TICKERS: BGCP , ATRS

I have to say, I don't feel like I'm trading with much conviction today. I got into Antares Pharma (ATRS) hoping to benefit from a bounce at $4.00 and while I got a bounce, it just seemed rather ordinary and not anything really meaningful. So I got out at $4.03 for a 0.75% gain. 

Now I've bought BGC Partners (BGCP) at 5.09 and the break out is good through 5.10/11 and it has this beautiful inverse head and shoulders pattern to it but I am a tad-bit nervous about holding this one overnight. Depending on how it does in the final hour will determine my approach, but I'm leaning towards taking gains if they are there still at the close. 

Here's my trade setup in BGCP

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