We are a community of nearly 150,000 traders and investors looking not just to earn maximum profits, but to help each other learn and better capitalize on all the various stock market opportunities we see every day. Interact and learn with the best traders online who actually show ALL their trades, winners AND losers, to help you take your trading and education to the next level!
traders use Profit.ly. Join them today.
Here is what is currently happening.
This stock had a huge spike the day before on a new CFO being hired. Chart looked over extended and history showed it didn't hold spikes. I set my risk at prev day close, it looked weak at the open, dropped to 5.40, bounced back to support at $5.50, I thought it would come down so I started a short just b4 10 am. spiked to 5.75. I exited at 5.69 which was .04 over my limit. Eventually came down but I stuck to my plan and I was on the right track.
This was a premarket winner and crazy mover. It was as high as $17 and dipped below $12 on crazy volume I saw old support at $11.75 so I took a position when it hit that support. It quickly went down and back to $12.15 before I could get a sell order in. Spread was huge. I shouldn't have been in this play. I exited on a bounce to $11.25 as I needed to leave for work. It did bounce back to $13 early after open and finished the day just under $12. Premarket trading does not always work for me