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Tim alerted that he was watching this stock. I saw a massive volume spike. I bought right after the spike. Risk - 7.20 with a 40-80 cent target. Despite going to 7.45, BLNK started to consolidate between 7.35(resistance) - 7.40. Based on the level II, I lost my confidence and exited the trade. Happy to see Tim exited his trade within a few minutes after my exit. Play it safe. If I held for 5 minutes longer, I would’ve lost money instead of a small gain/scratch.
I bought this low float runner after I felt it had been sold off to much. I purchased this on the up at the end of the day and didn't want to cut losses to lose a day trade. I tried selling in pre-market to break even and have a "green trade" but my 2.27 price never filled, for the next two hours I set price limits to sell and kept missing my execution. I kept thinking this would run up a bit and was hesitating, in the end, I sold 12 cents lower than if I would have cut losses quickly.
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