Left a lot of money on the table on this one. 1) It dropped to $6.05 for just a minute, where I could have covered for a $200 profit. 2) Then it stabilized at 6.10-6.12 for 2 minutes where I could still have made about $150. 3) Later it came back down to $6.09-6.10 area for another two minutes giving me the same chance. And of course I covered on its way back up. Got to be ready and be out, locking in profits.
Good entry, with HOD as my cover. When it could not break down $7.95 in the morning and spiked to $8.15 I got freaked out and covered. It turns out that I was correct and dropped to $7.60 3 hours later. Need more patience with shorts and it is a lot slower process than longs. Don't need to freak out and cover until my stop losses hit.
Usual morning panic with support being my cover at $4.33. Dipped a couple of times to $4.05 and when did the same on Friday and bounced it never came back to that level. So next time it got close to it, I covered for profits. Sure enough two minutes later it dropped to the $3.93 support lever and bounced from there. Left some $$ on the table. Next time will be some more patient. Very light trading day.
Entry comments: Bought this low priced weed play. Thinking it was going to have a multiday breakout, but bought into a top. Still closed relatively strong holding near the high with decent volume coming in. I am in for a gap up over .11 and a morning spike. Did similar breakout last week so might be able to do the same thing again. Also bought bc of no overhead resistance if it breaks out. Not my typical play, but I like breakouts with no overhead on OTC's.
so I got some balls an given the rumor and news about this company could compete with Tesla on some solar shit I don't care about I held over the weekend and sold today after it kept making news highs I decided to take my profits at 0.5700 ad glad I did. Also I have been studying at least 5 hours a day, on the toilet, in bed, when I'm driving! and when my wife was having a baby! lol soon when I figure it out il verify my trades but right now im lazy and I don't have to :)