BAS swing idea. beatdown chart but this day had surprisingly huge volume so decided to swing it for few days. I had also noticed these exceptional volumes once every month which was odd as they were nearing a bankrupcy. Update: exited next day as could not have the paitence to watch the paint dry and i am playing with my small account so decided to end the trade. But little did I knew that the stock was going to gap up to, well lets just say i would be a millionaire if had 30k shares
This is another low priced January effect play that spiked in the morning & bottomed in the afternoon, had higher low ramp. Risk $.02/share off support, $.11/share upside. Exit: Small profit but it was a stressful trade because I broke the rules and didn't take profits at my goal and into a spike near the highs. There were also heavy sellers waiting at every penny higher near the highs. Big sellers near the highs on low priced (under $1) stocks seems to be a pattern over my past 2 plays.
Chased this stock up expecting it to go higher. Could of sold for a couple hundred dollar gain but was wanting to hold overnight. Later found out something was happening to the shares and I had a day to get out, stock started to drop based on news and I sold for a small loss. Should of took it for a win but got greedy.
Entry comments: Bought, chasing the spike, and buying the top. Stupid, I know. I was planning to sell asap after buying to protect myself from disaster cuz I didn't stick to the rules. I was waiting for a dip buy opp but there was just a spike.
Exit comments: Got out as soon as it looked toppy, I don't deserve what I profited since I went against the rules. Maybe it wasnt that bad considering its dropping now. Was closely following level 2 looking for strong sellers and .60 cents was it. so not too bad I guess.
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