It broke 1.10 to like 1.12 then fell back to 1.08- 1.09 even touched 1.07. When do you decide if morning spike failed? Time frame 10min-15min after market open? Or just watch price action and volume indicators?
-$223 Loss
NAVBLong Stock
Entry comments: Spiking near multi-day resistance at 1.10 on this news http://tim.ly/2cTBOh2 I'll try for a morning spike, if it can break 1.10 it can spike fast, goal is to sell in the 1.20s, but be careful if it can't break 1.10
Exit comments: No dice on the morning spike, gave it some time, maybe it breaks past the key multi-day breakout level at 1.10 later, small loss after commissions, zzzzzzzzz
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Related Posts
Date | Price | |
---|---|---|
Entry | 9/22/2016 | 1.07 |
Exit | 9/22/2016 | 1.06 |
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HowardMckSep 22, 16 9:42 AM
HowardMckSep 22, 16 9:43 AM
Still new to this and continuing to watch all my video lessons. Thanks Tim.
jollarSep 22, 16 10:01 AM
@HowardMck sell when it hits your pre-planned mental stop loss, and don't think twice about it.
Cthegreat1Sep 22, 16 10:01 AM
Not breaking $1.10 but not falling below $1.01
Cthegreat1Sep 22, 16 10:03 AM
Buying at $0.96
jimmylee1Sep 23, 16 1:45 PM
Tim how often do you check the off topic chat?