$OZSC - Had a good entry on this stock around 2:40pm when the stock was forming an ascending triangle going into PH on volume. Was also running with $BMIX that was up roughly 400% on the day and thought that this still had some strength coming in. Sadly, I got faked out and sold right before the breakout. My mistake was feeling like I missed out on $BMIX cuz I missed my entry in the $.025s so I quickly bought this when I saw the triangle forming. It was a great call trusting my instincts since I've seen this pattern before but it also made my uneasy if it would reject and panic. I was trying to trade while working and hard to see the tape on my phone. Next time, if I'm really thinking about a trade close to 3pm then I should just walk away and try to focus on the play better. Overall the stock did exactly what I was wanting it to do but I just overthought it and didn't let my plan work itself to my risk.

I need to work on my patience when getting in and out of a trade. I missed $BMIX and waited for other opportunities and that's when I noticed $OZSC. It kept hitting new highs and I was waiting for my entry but then I thought about if this pulls back and trying to get out of the flush and so I sold before it happened, causing me to miss out.

 

$SNPW - Huge runner from sub $.01 up to $.35. Had its FRD with a choppy midday panic. I attempted to buy this multiple times when the previous support cracked and thought it was bouncing but I kept missing the execution. I did a great job of canceling the order quickly though when I noticed the stock wasn't firming on the bid after each bounce. When trading the stock, I saw the drops were very choppy and had lots of fake turns but somehow managed to miss my executions on the fakes and get a perfect entry on the true bottom. I got in at $.125 when it cracked the previous low but was finding some support at a whole number and only $.01 lower. Compared to other lows being cracked, we went much lower so the fact that the bid was already firming up quicker and huge volume coming in made me think this could be the bottom. Not only these indicators but if you look back at the previous day, a key support was around $.12.

A lesson moving forward from $SNPW, don't get too comfortable holding after panics especially choppy ones on the way down. This had lots of fake turns and made it difficult to buy the bottom which was most likely from panicking midday rather than morning. The bounce was weak which is why I sold early but the next day had another panic that was also choppy. $AITX and $LKNCY are top panic plays due to being very clean on the way down and back up.

 

$GME - Gave into the hype of trading this even though there is no real edge. I was up roughly $50+ at one point due to some options I had but waited for the panic. Once the panic happened, all trading was messed up and ruined my executions of selling. I was trying to go for a home run on this but ended up breaking even. On odd trades like this, I should just take the easy money and walk away cuz this was very overtraded and followed no patterns.

 

Plan for next week:

- Continue focusing on OTCs and don't get distracted on listed stocks (ex. $GME, $AMC). I've been finding consistency being right on these trades more often than not and need to let my trade plan work.

- Follow my trade plan. If I have a set risk, then I need to stop worrying about getting out early before the stock has even been able to work. Ex. of $OZSC where I didn't let the stock work before I cut it. Instead, if the stock ran up but then failed to keep holding support levels, I can cut for small gains or break even (ex. of $GME where I missed the huge panic cuz of broker issues). There is a difference between cutting a position before its been able to form a direction and cutting it after it failed to hold the spike.

- If looking to enter a trade, step away and use my computer to have better executions. Especially on panic plays.

- Always keep a focus on those OTCs that are hitting highs cuz they will usually continue to midday and into PH.