$CASA TRADE- big runner- did a good job of not buying right at the open and waiting til the afternoon- once i saw it holding and starting to uptrend i bought in- didn't have the confidence to buy more shares/hold it because of the resistance from the AM, it did end up spiking over a $1 a share from my entry if i just would've been a little more patient and trusted my risk
Entry comments: Speculative dip buy on this stock that has been teasing a bigger squeeze, I'm catching it on a dip off its day highs in the 6.90s, I'd love to sell into further breakout in the 7s
Exit comments: No bounce so rule #1 cut losses fast, worth a shot had the squeeze kept going but now the trend is broken so small loss for me, MDVL is breaking out better
I finished slightly green today but retweet this https://tim.ly/3EqNz99 if you want an in depth video lesson as I'll review LCLP and $CASA too!
1.) what has the Chart, Volume and Catalyst (C.V.C.)? 2.) it’s important to keep your eyes on the overall markets. 3.) momentum isn’t nearly the beast it once was at the moment. 4.) Pennystocking Framework - highly recommended, part 1 & 2 (Mark’s personal faves). 5.) let a stock prove itself first. 6.) the more the stock consolidates at key levels, the better the chance of a continuation.
7.) multi-day runner = extremely important. 8.) first green day works like a charm on former runners. 9.) there’s no better catalyst than a hot sector, although there isn’t always one. 10.) be extra cautious on longs in this overall ugly/bearish market. Thank you, Mark!!
Thanks for the webinar Mark.
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