My 30% gain in 92 seconds today on Interleukin Genetics, Inc (AMEX:ILI) highlights why you should read the comments on this blog. At 8:05 EST Preston wrote in a comment on last night’s watch list, “ILI pre-market leader on news this morning. Has some resistance way back on a 1 year chart that has been passed in pre-market. This could run higher.” I responded at 9:24 EST, 6 minutes before the market opened, saying “I like ILI … only 45m mkt cap still. That was not a huge study though so I wouldn’t get too attached to it.” I bought ILI 36 seconds after the market open and sold 92 seconds later for a $486, 30% gain.
Video recap. Note that the feature that shows my trades on the chart in IB TWS can be enabled by going to Configure > Global Configuration > Information Tools > Charts and then checking the box next to “my trades” under the heading “highlight on chart.” Please also note that my description of ILI’s news is incorrect: they had a diet program based on genetic tests; the news I was describing was for BSDM which was a big gainer yesterday.
+ SLD 10,000 FTBK false Stock (NMS) 1.450 USD SMART 09:30:19 50.00
BOT 1,000 ILI false Stock 1.6000 USD ISLAND 09:30:36 5.00
+ SLD 1,000 ILI false Stock 2.094 USD AMEX 09:32:08 5.00
+ BOT 10,000 FTBK false Stock (NMS) 1.420 USD SMART 09:33:19 50.00
Daily profit: $684.00
Disclosure: No positions. I have a disclosure policy.