I did not buy at open but waited for positive movement. It moved very slow had small dip then started to move up but every $0.01 increase was met with large volume selloff so I got out because the stock looked like it was going very slow at best or go no nowhere. The stock dropped to 2.57 @9:43 and reached $2.85 @ 7:17 AM.
Entry comments: DONE
Exit comments: DONE
Got desperate to make a trade. Thought it should go up with what looked like good news.
I think this will go up later. Bought it midday which usually isn't a good idea.
Good trade. I was going to add more but I am glad I did not because if I put too much in then I am being desperate. Take one small trade at a time. Get out if it breaks risk then get in again.
I had setup my trade the Grittani way by saying my max loss was $500 with risk level at $2.50 where I tried to get in but had to chase to $2.60. Watched it hit $2.77, then it started dropping and I chose to sell to lock in a pathetic gain rather than having the balls to let the pattern/chart play out. The next strong resistance was about $3.08 and that was what I was hoping to sell around. Lesson learned: can't win big without taking any risk.
$FNMA was the hottest small cap going into close Friday - I bought & sold for a profit during the day then rebought near the PM power hour for a swing trade playing a first green day setup that had a news catalyst and volume going into close. $FNMA gapped up Tuesday AM (Monday was holiday) I exited when lvl. 2 took a strong turn -- ended up being a fake out but who woulda knew, took profits and looking for possible dip buy.
