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spiked big first day though it can have another good second day, o/n plays haven't been so good lately
Entry comments: Bought this recent contract winner from last week as what seem to be a #5 pattern from Tim Sykes's pennystocking framework DVD. Got a big size, because I am looking for a very small profit 0.005 - 0.01 at the most. However, in after hours there was a small print at 0.0372, so I hope this is indeed a bad print, as otherwise I would be down over $200. Very annoying, but still think it is a bad print, as the buyers are still holding the 0.04 level. Aim small miss small!!
Entry comments: Bought 1000 shares of IDXG at 2.80. Risk is 2.65, reward is 3.20s. This is a 1.5m super low float bio stock with a high % of shorts and a recent history of supernova. This AM it spiked $1 in 10min. It double bottomed at 2.65 intraday and bounce off the 2nd attempt. I bought off the 2nd bounce. If it breaks the high 2.80s then test 3 into the close it could spike/squeeze well. Any bit of volume can move this bc of low float so have to be quick. Would like to hold o/n but will react accordingly
Exact same set up as just before. After the first bullish spike, it retraced. I waited for it to close above the box, which happens to be the 38.2% fibb line and the previous day close (2342.25) My stop is the 38.2% line (2342.25) and my target is the days high (2347.97) I had this rated a 120/130. I chickened out and exited. This will be last trade of the day. I'm trading my emotions not the set up.
This was damn near the perfect play. After the first bullish spike, it retraced. I waited for it to close above the box, which happens to be the 38.2% fibb line and the previous day close (2342.25) My stop is the 50% line (2340) and my target is the days high (2347.97) I had this rated a 110/130. Not the profit that I was looking for. It ran into my 8ema which was my trailing stop.
I wanted it to close above the opening box which was also the previous days close (2342.25) I was a bit hesitant to take this trade as the candle was a bit overextended, but I think there is plenty of upside. I'm willing to risk $70 and my target is the previous days high (2378.75) I had this rated a 85/140 I exited because I am starving and have to get something to eat. I do believe that I exited a bit to quick. I don't think that it'll hit my target but I did leave another $100 on the table
In early morning on movement at $1.30. Having a hard time getting past early morning spike of $1.44. Exited too early at $1.39 price spiked up to $1.48
Spiked big premarket on positive news. So bought premarket and hoping for morning spike. Sold into strength. Stock faded all rest of day lol.
Risky but good trade, falling down from highs I expected it to get to 2.80 but not that fast, all because a dilution news. I jumped in at 2.85 bought on the way down, set my risk at 2.80 pre market high and waited for the bounce. it did bounced but I didn't liked the trade because of that drop and the whole number resistance so as soon as I saw some weakness I got out, good exit at 2.94.
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