$SBFM nasty fail after that initial spike, I see nothing truly great so I sit on the aidelines
$SBFM SQUEEEEEEZE
WOW $SBFM PERFECTTTTT, FADE, CONGRATS TO SHORTS, YOU CAN WIN BEFORE YOU DIE EARLY
$SBFM that morning spike was likely best case scenario, looks like shorts are just gonna try to annihilate it all day now, or at least all morning
$SBFM scary, glad I went with my more solid easier pattern
$SBFM squeeeeeze
Entry comments: Nice dip so I can't resist, I think this can still bounce back to the 2s today, thats my goal, cut losses if no bounce
Exit comments: No bounce, ugly market close, rule #1 cut losses quickly, stay disciplined
Entry comments: Speculative end of the day runner, its run big and fast before, lets see how far it can go, goal is to make 5-10%
Exit comments: Nice little winner for me, looks toppy here though 2.15-2.20...just a speculative trade to keep refreshed with fast spikers...good not to get rusty in case this market ever comes back and we have more runners like this
$SBFM TRADE- recent runner that came down for multiple weeks- big spike premarket- was smart to not chase at the open and let it pull back- got what i wanted as it came down and was basically going sideways; started buying a small amount of shares early in the pm as i was looking for it start grinding up but couldn't really go anywhere so i got out for a small loss
$SBFM TRADE- was a FGD on recent runner that had just spiked in the PM and seemed to be holding ok and going sideways- thought it could spike just before the close but failed and had to cut losses
Thanks Tim L!
1.) DAS is a platform for trading. 2.) liquidity trap is typically seen on the daily chart when there’s a big green day, next day, volume dries up, but stock doesn’t really fade much. 3.) pre-clinical, then phases 1-4 is the process for biotechs getting their drugs to market. Thanks, Tim!
Excellent review Tim. Thank you so much
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$SBFM TRADE- Bot this one as it spiked big premarket- did a good job not chasing at the open and waiting for a better setup- was late to enter as i wasn't able to look at my computer in time but thought there was still good potential so i got in just with smaller size; could of been a little more patient with my exit but because i chased it i wasn't that comfortable being aggressive with it
Thanks Mark!
1.) never, ever chase! 2.) always know the catalyst before putting your money to work on a trade. 3.) staying disciplined and not over-trading was one of Crook’s biggest challenges in the beginning. Also recognizing which trades were ideal and which were less than ideal. 4.) analyze those big % gainers and go through them diligently. don't force trades when they're just not there. | Thank you, Mark!
Jack Kellogg
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