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Bad trader teachings of SEC filings and non-compliance. Planned on a swing trade with this but it clicked that this method of training is not what we are learning and its convoluting the purpose of penny stocking. This trade I will never forget. Huddie was explaining how stupid this trade was to me and said an offering can happen over the weekend. If any of you know, NAKD made an amendment bringing their exercise price for their warrants from $4 to $.83 literally 30 minutes after I got out
Held overnight to sell in morning gap up .Looked for 50cents to $1/share profit. At open and pre-market there was no sign of potential breakout. opened at previous day close of $1.99 and wentto $2.05 but there were heavy resistance . Once it hit my entry price of $1.90 I got out Pattern wasn't acting how I wanted. OVERALL GREAT TRADE! BUT IT COULD HAVE BEEN BETTER IF I LOCKED IN MY 10% PROFITS WHEN PRICE ACTION WASN'T BEHAVING AS EXPECTED!!!!!!!
Alerted in Chatroom. So I went and checked out the chart. It was a first green day which was an automatic buy for me and it was approaching multiday breakout out at $0.81. Entered at $0.75 risking no more than $10 on that trade. So I bought 461 shares at $0.75/share . Was looking for 50 cents to $1/share profit but there was heavy resistance in the 90s. I gave the chart a bit of time try to test high 90s again but it couldn't. So I took my small profit and exited the trade at $0.86/share
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