Received 27 Karmas
CSTrades
CSTrades Jan 08, 9:54 AM

I definitely prefer the faster plays - panic dip buys - especially when theyr'e more in my price range. Thank you, Tim!

DASHERO
DASHERO Jan 09, 1:24 AM

I plan not to discriminate between play setups. Take whatever opportunity is given to makes profits!

taylor6612
taylor6612 Feb 01, 11:06 PM

I'm not sure which I prefer yet I start trading monday

Join now or log in to leave a comment
TwitchTheTrader

played some more $SMMT today, tried for the dip this morning a little early, right idea, wrong time. Took another stab at it once it bounced a little and looked like it was going to break over the VWAP, it was denied so i cut loss's, but cut before my risk. Right after i cut, the stock grew volume and took off, i sat and watched it go and got back in as it broke the days high and in anticipation of red/green move. Sold at 4.92 as it began to slow down, again, right before the big volume and spike to 5.13. Back in on the dip at 4.88 and out at 5.01 as it looked like the whole dollar was going to fail. Chased a bit and double down (fat finger and bought more then wanted) so i cut losses quick. Got in at 3:00 anticipating a short squeeze as people have been piling in and waiting for the dump, in at 5.07 after confirming the whole dollar hold and held till 5.31, taking profits before the multi week resistance as the stock kept having trouble with resistance areas all day, as it was, it was able to push threw and pop to 5.52 before the collapse back to 5.28. Another green day with a lot of lessons.

Join now or log in to leave a comment
timothysykes

-$145 loss SMMT Long Stock

Entry comments: Speculative dip buy on this multimonth breakout play just off its highs, I'd love to see a bounce/squeeze back to the 5s, cut losses if it can't hold green on the day

Exit comments: No bounce whatsoever despite the 50k bidder at 4.87 which just got chipped away, no thanks to being too aggressive midday, rule #1 cut losses quickly, remember http://tim.ly/clq always, especially on speculative plays like this

Received 3 Karmas
tupuad
tupuad Dec 29, 22 5:11 PM

Thanks Tim.

User_1610
User_1610 Dec 30, 22 11:23 AM

Watching And Analyzing!

rechinu
rechinu Jan 09, 1:01 PM

Thank you for the lesson

Join now or log in to leave a comment
TwitchTheTrader

played $SMMT numerous times from 4.20 to 4.56. Stopped playing during the lunch hour till 2 as thats my rule and im trying to learn discipline, sucked to watch as the stock made a nice little dip fro4.33 to 4.60. Igot back in at 2 at 4.46 risking 4.40, got out early like a dummy at 4.43 right before power hour.. then watched as the stock gained big volume and start to take off. I jumped in at 4.65 with FOMO and upset i missed the run, so i cut as i didnt go in with a plan. As it was, i was in at a good price ofr the breakout, and ended up missing the big run to 4.95. I need to learn to control emotions during a trade as this stock was a perfect set up

Join now or log in to leave a comment
Page
of 7