ILAG & ETON

I was looking at two tickers today. I took a trade on ETON based on what I considered support. I set in a limit order at 3.12 with a 5 cent stop. I was filled the first minute of market open and immediately stopped out. The price broke through support and then found it again at $3. About 14 minutes after the open, ETON started a 25 cent move and then faded the rest of the day. It was the only decent trade that could have been taken on this ticker at this day.

While ILAG had a great spike up from the first minute of market open to about 45 minutes into the day and then started to fade. It was an IPO and I confused it with a secondary offering, which is why I didn’t take the trade on this one. The only entry on this could have been a down tick on the opening range. Every other entry after was chasing because it just shot straight up after with no pullback. The risk on that would be too great.

ETON

ILAG