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Squeezer of the day, total turd that trapped some shorts early on, but lack of strength end of day, especially on that weak attempt at breaching 12.4 then 12.5 made it look like shorts were already out, much more volume and panic covering was needed and we did not get it, single
Literally so mad that my plan played out so perfectly. Risk was on 26, it breached it by like 3 cents, got stopped out, and stock did exactly as planned. This is why on large caps stock, the big boys say I risk the 26 area, not 26. Must give it some wiggle room, good lesson not to be too strict on a risk level down to the cent on higher priced stocks.
Got a nice position into close, gapped up okay and wanted to sell and not think about it, but etrade screwed me and told me i had no shares left where i still had most of my position, had to restart, tried to average down into the panic to sell into a bounce and lower loss but that did not work out, so out when the software finally got his shit together
Average into multiple exits - trade worked out perfectly, all live in SCR, really cool to see a different approach to the OTC multi day breakout, rather than buying strength risking off key intraday level like grittani, we take a much more big picture approach and add as the stock keeps proving itself - lots of learning !
scratch on 11AM bounce that I entered BEFORE 11AM. Exited at dead bottom candle before it bounced AH ! Gotta follow my rules, after that low at 11 the stock bounced nicely, still tricky since it double bottomed at 11 on the dot, then had a final bottom and spiked so probably would have missed it anyway
Average of 2 trades. First time playing an OTC B/O Papajohn style, from the daily, thus anticipating the breakout. OTC can be super boring before volume comes in, stair stepper style, and I followed along in the SCR room but got scared out when they held to their entries. G/R on slow moving plays is much more important, until the volatility and volume comes along
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