$420 Profit
TOPLong Stock
timothysykes

Entry comments: I'm buying this former runner that's spiking up and teasing more strength late day today and maybe even afterhours, similar plays like HOLO and BMR have really gone off today, lets see if this can catch momentum too, goal is to make 10-20%, could be fast, day high is in the 3.40s, lets see if it can breakout, cut losses if no followup spike

Exit comments: No gap up or crazy run like I wanted so I'm glad I sold the majority of my position Friday, now just staying disciplined and cutting losses on my remaining position. Losses are part of the game, but the key is not letting small mistakes turn into potential disasters.

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Position Updates

  • Feb 16, 12:34 PM: Bought 4500 at 3.20 - I'm buying this former runner that's spiking up and teasing more strength late day today and maybe even afterhours, similar plays like HOLO and BMR have really gone off today, lets see if this can catch momentum too, goal is to make 10-20%, could be fast, day high is in the 3.40s, lets see if it can breakout, cut losses if no followup spike
  • Feb 16, 1:48 PM: Added 4500 at 3.06 - I averaged down as is been fading but so has its sympathy plays like HOLLO and BMR and now the other ones just recently strengthened and we can still get a late day/afterhours spike on these plays due to the over-aggressive shorts. Obviously this is speculative, but its been working well all week and we still have next week too and this is a holiday weekend so end of day runners can go extra-crazy. Lets see if I'm right and this can make another run, ideally testing the day high in the 3.40s
  • Feb 16, 2:32 PM: Sold 6000 at 3.24 - I sold 2/3 of my position in this little runup, it's uptrending nicely, but faces massive resistance in the 3.30 area and sympathy plays like HOLLO and BMR are now struggling so I'm playing it safe. Keeping a small position just in case it breaks out late day/afterhours as this is a holiday weekend so price action can get crazy
  • Feb 20, 9:39 AM: Sold 3000 at 3.05 - No gap up or crazy run like I wanted so I'm glad I sold the majority of my position Friday, now just staying disciplined and cutting losses on my remaining position. Losses are part of the game, but the key is not letting small mistakes turn into potential disasters.
DatePrice
Entry2/16/20243.13
Exit2/20/20243.1767
  • Total Views488
  • Position Size9,000
  • Percentage1.49%
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tupuad
tupuadFeb 20, 9:58 AM

Thanks Tim.

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