@TradeScared I'm proud of you for sticking with $FENG. I gave up on it yesterday and finally covered. I hope it does what it should have done a week ago and you make $1 a share. You're an inspiration.

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($112) loss FENG Long Stock

Entry comments: I dip bought this recent runner that spiked all the way to the 4.80s and now had a quick low volume selloff, my goal is for it to get back to the 4.80s or even low 5s would be ideal, Friday spikers are speculative though so I could easily be wrong too

Exit comments: No bounce off that morning panic so I'm out with a small loss which is acceptable, rule #1 from http://tim.ly/thebestrules is to cut losses quickly, don't let small mistakes turn into potential big disasters

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LifeIsGreat Sep 01, 17 10:23 PM

Tim, how you evaluate APVO ???

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Woke up this morning a little late (stupid west coast) and opened my scanner to look at $FENG that I thought was interesting last week. It was doing nothing, so I opened up my scanner and saw $ARCI was streaking with 80% gains. I checked the chart and saw that we got some good news a couple of hours ago. I figured this is an earnings winner, volume looked good, price was hovering around $1.10. I missed the initial spike up, but I've never traded before, so I thought this would be a cheap lesson in how to enter orders into etrade, get a feel for execution, etc. I tried at $1.10, missed, $1.11, missed, then did $1.12 limit good-for-day, and it got executed at $1.10. Just a few short minutes later, I saw it touch $1.30, thought that would be a good time to sell, put in a limit at $1.33 and within moments, I was up 20%. Granted, my position size was super duper small (education > profits) and the fees took most of it out, but there we go. Now I have a better feel for the system, but this was luck and I know it. #hhtm

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