Interact & Learn
With The Best
Take your trading to the next level. Learn from the best or improve your own trading with detailed analysis.
104,912 traders use Profit.ly. Join them today.
Here is what is currently happening.
Entry comments: Bought $IPCI @ $3.15, 500 shares to hold over the weekend. Small position on a strange chart that hung at $3.15 for a while. Dropped momentarily, but snapped back up to $3.15. Allowing for a 5¢ risk. Hoping for 15¢ to 20¢ at a retest of $3.33. Will have a very tight stop on this one.
Exit comments: Thought it would hold above $3. Stopped out @ 2.97, 6% loss.
More money on the short side but I was too scared of a fake out. I bought .20 from support because it was moving fast and sized in at 100 shares because I was only willing to lose $20 + $20 in broker fees. I got in because I thought the shorts were about to get squeezed but it did not squeeze that much... only enough for me to make 1.10/share. Note: Because of all my loses lately, I've been to timid to jump in anything but I've been learning a lot. So now, I am trying to find my niche.