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Here is what is currently happening.
Entry comments: Bought this at yesterday's close based on its chart. I was willing to lose 10 cents a share but fortunately took the meat of the move and made $900!
Exit comments: Bought this at yesterday's close based on its chart. I was willing to lose 10 cents a share but fortunately took the meat of the move and made $900!
Entry comments: AMD looks very strong on earnings. Should have monitored this stock, since I could buy much closer to the breakout level of $7, which is my risk now. Very small position just trying to scalp, and test whether or not scalping works in this case. The goal is to make 10-15 cents a share to cover commissions.
Exit comments: Because AMD is not very volatile and because my position is so small, I am thinking about holding it overnight. Risk of doing that is very small. Moreover, earnings winners can run for more than one day, even though AMD is getting overextended, its earnings were indeed much better. But I'll be cautious about 6.75ish g/r level. AMD opened red on the day and remains there so far; it didn't try to test $7 resistance. Therefore, I chose to take loss and move on. Don't scalp on non-volatile stocks
If I had just held my short earlier a little bit longer I would've taken better Profits but alas.