($160.02) Loss $CREG Long Pre-market 200 position
($523.00) Loss $ CREG Long Market Open 300 position
Pre-market looks promising. It broke out from previous from previous resistance $6.38, and it made a new 52 week high. Thinking this going to be a new supernova because it was a huge spike from yesterday – from 2 to 7 to close at 4.
When it broke out looks its holding and going up, I took position 200 @ 7.30. It went high to 7.50, then went down to its support holding at 6.50. It attempted to go twice at 7.19 and 7.23 but failed. Then started to go down, I cut losses 70 cents later (6.60). True enough when market opened it went down to 4.80. After 38 minutes after opening, the Price surge to 9.13 in 26 minutes – Market was Halted for 5 minutes. Price went down with the support @ 6.90. Then went down 6.20. – Damn! This is a short supernova.
I chased it when it the stocks went up. It was halted @ $9.13 showing I got almost $1.00 potential profit. Unfortunately, after it halted it did not went back up again. And, I did not sold it when I had 3 chances to cut losses early. I waited until shorts attacked again. I run out of time as well, I have to send my daughter to school. After ($523.00) loss later.
Would there be a 3rd day SPIKE for this? -- For me, after this experience, i'll trade scared. But, I will hone my skills on how to perfectly dip buy. This is an experience i'll never forget, but i'll be more prepared next time if I see one.