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.
Shorted 1300 shares of XRF at 2.80 at close of previous day. Shares had dropped as low as 2.56. Support: 2.63, 2.69. Placed order to COVER at 2.65 but stock hit 2.68-2.71 and looked to rebound as buyers came in on very low volume so I took profits immediately with a market cover order. Stock is now at 2.79 so I was smart to do so.
Entry comments: This one usually failed it’s spikes, I waited to short until it gave a slight climb at open, now just waiting for the fail
Exit comments: Wanted to clear my account for a morning play, I could have waited longer as the play didn’t pan out right away