This stock was up huge on the day, the daily chart wasn't anything special. I missed the initial spike on this. Read about the 14million shares that were going to be dumped in @ $1 so I knew it would tank. I got in after watching it consolidate in the .80 cent range and after I felt all the diluting was over. This was a pure gamble play for even after the dilution it was still a low float stock. I was hoping on a small bounce. out with a small loss.
Saw this on my intraday scanner and waited to see how it would play out after the initial spike. I missed the $.50 cent entry where I wanted to get in. I noticed how it was definitely in an uptrend and my gut was telling me it would take out the high from earlier. I entered at $.73 cents, not the best entry but I was risking 10 cents and my thought was to make $.20 cents. I placed a hard stop at $.92 cents and got stopped out a few pennies from the high. Nice percentage gainer.
So here is an old stock that I have made money on in the past but on the short side. Unfortunately, I am unable to short in this account for now. So this hits my scanner pre-market gapping up on news. So near the end Of the day, I take a position when I saw it holding a support level. I went to place a stop and accidentally sold off 100 shares for a small loss. I just blew my last day trade. next morning it did exacly what it always does and gapped down. Got out with a loss.
I was watching this stock pre-market from my scanner. I waited for it to pop above VWAP and then bought it on a dip a little above VWAP. I knew if it broke above the $3.80ish resistance it was smooth sailing to the $5.55 area. I place my sell Limit at $5.44 which was just below that mark giving me a $2.00 gainer. It hit my price target went another penny up then pulled back, A picture-perfect trade.
This was a gap up morning play. It opened @ $1.84 went up, pulled back and seemed to find support at $1.90 level. I got in at the next dip opportunity. For whatever reason, I got spooked out of the trade at a level that made no sense. I don't remember exactly but even though I made a profit my execution was horrible. I left over .70 cents on the table. I should have really grabbed maybe half of that. But still a profitable trade and a lesson in patience learned.
I entered this trade after the stock began to climb. I was looking at the daily chart and my thesis was that if it got past the $2.88 - $3.00 level it would gap fill up to the $3.54 - $3.74 level. If I wasn't under the PDT rule I would have been out the same day with a Profit. This is where you have to hone your skills for there is little room for error in a small account. So I took a decent size hit on this one but shrugged it off and moved on.
Another shot at JNUG. This trade was a play off of a gold ETF that's just been beaten down. And what keeps gold down is the strength of the dollar. for some reason the dollar has been very strong. So normally stock market down, VIX up, gold should rise, Nope. So I scaled in on this trade. I should have exited the next day at the $4.57 range but I held. I got out the next day at close and missed the following morning gap up. I made a profit but again the execution of the exit was way off.
well, this was an Oldie but goodie stock, Oh yes the shippers. Generally when 1 runs they all do. The Greeks of shipping. I watched it run up the prior day and finally decided to grab a piece of it, better late than never. I got in on a dip and was hoping for a bigger gain but that's what you get for being late to the party. Small gain but I'll take it.