aren't multiday breakouts your bread and butter setup man?
This was a pattern I have repeatedly told myself to stop playing. NASDAQ multi day breakout. These are too choppy for me and don't run long enough. They are most likely best played as a day trade, but until I get my accounts consolidated so I am over PDT I have to continue focusing on swing trades. I was in a few trades and didn't give this one enough time the next day when it wasn't spiking right at the open. I got out for a small loss only to see it continue the breakout without me.
Date | Price | |
---|---|---|
Entry | 2/13/2018 | 6.75 |
Exit | 2/14/2018 | 6.70 |
- Total Views502
- Position Size400
- Percentage-0.74%
@papajohn Wow man that's eye opening, is that because they are too choppy or is it because they gap down a lot more the next day? I find they are choppy as hell, I'm currently in NVAX over the weekend and I got in on break of 2.32 in the morning. Watched it the entire day and its like 3c above the b/o level lol.
@papajohn yeah you are so right i've noticed this alot, usually you get a lot of profit taking or it gets attacked by shorts in pre market or right at the open on the Nasdaqs..Thanks for the great advice on the OTC's. Gonna start tracking these more. We are in such a crazy market these days!