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Got back into this trade as it was making higher lows holding $1.80 support and it was nearing 2pm. Very nice midday perk. Hit my target of $2 exactly and broke out higher. Did not want to hold longer- despite being an earnings winner, theres too much p/m and long term resistance around that price point. Great trade!
One of Tims summer picks. This stock b/o thru $3 this morning and then had a nice C&H just before 2pm. My buy point should have been $3.20, but I chased it to not miss out on a potential run. However, there was no news, the Nasdaq and Russell were down on the day and it was already up 7% from the b/o. The price action was solely due to others buying the b/o. My reward/risk was only 1. Bad trade, taking afternoon off to study.
Entry comments: Good breakout on news of directors purchasing more shares. Will sell on gap up tomorrow- aiming for the $4.80's, likely resistance at $5, mental stop at $4.44
Exit comments: Started coming down at the open, so I exited quick. However my thesis ended up being correct in the afternoon, with the stock hitting $4.90. Very encouraging. Very nice!
Bad trade. Followed a TimAlert on this weird low volume fading price setup. Was not on my watchlist, I should not have traded. Did not like this setup. I must remind myself that Tim isn't psychic and the plays already moved after he posts his alert. Note to self: Dont trade where theres no volume and its a fading play.
Great trade on a Morning Spike. Was watching this one into the open. Tried to get in earlier as the volume was there at the open. My limit orders started at $6.60 but were just too tight and it moved to $7.70 before I got executed. Will lax limit orders more in the future. Exited as the chart was a bit choppy and Tim said to lock in profits.
Great trade. Bought this small NASDAQ company on good guidance for an overnight play. The long term chart wasn't great however and it did not break through the key resistance of $2.50 so I exited quickly before the close when the stock started testing support at $2.30 and losing volume. This could still run Monday, but I cut losses quickly as the play wasn't perfect and am proud of doing so.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.