KGKG ran up this morning on news and then consolidated. It looked like Jacks pattern as this thing broke out with volume, but it turns out it was a fake out break out and it pulled back all afternoon and then ended up crashing in the afternoon. I happened to not be at the computer right when it crashed which made my loss on this a little bigger than I would have liked.
Entry: $OTLK ran up and consolidated and I bot 300 shares. It triangled and then began to run up and I knew that if I wanted a decent profit, I would have to add more, so I bot 200 more shares and let my money build. Once I saw the stock really begin to speed up, I sold, and it turns out that I pretty much sold at the top.
I tried getting in this stock Friday afternoon, but didn't get executed in time, so I planned to get in on this in the morning. It did gap up, had a small pull back and that is when I bought in. Plus, this had news and lots of volume. I did make the mistake of trading my profits instead of the chart b/c I looked and saw I never had a gain this big and didn't want to lose it, so I got out. Overall, I'm beginning to see this pattern.
KBLB ran up on volume and I bought since it was a first green day. It pulled back and I wasn't able to sell (or so I thought). Anyways, I was so worried that I called up Etrade to help me figure it out and I completely stopped playing the chart because of my anxiety and nervousness on not being able to get out.