Momentum Play 1st day.Former runner gap up at the open due to news. E: NHOD break entry. Expecting for SS spike. Ex: random sell due to the spike not happening. L: missed the first entry on NHOD break near the open. End up chasing for another NHOD which is not good risk/reward ratio. Whenever miss an entry, DO NOT chase.
Key Breakout Play. Relative low floater ( 12.24m) that gap up at the open due to news and trending up towards MD breakout. E: Entry after the 1st breakout and made NHOD break as well. Ex:1st breakout fail to breakout further. Cut lose quickly. L: Entry on the 1st breakout is not always working. To confirm the breakout is to wait for the consolidation and entry on the new high. If it fails on the 1st breakout, can entry on the 2nd breakout which is ideal, it causes SS and will push it higher.
Momentum 1st Day Play. Low floater that spiked PM due to news. E: a bit of chasing from NHOD break, (20 cents away). Expecting for Friday SS spike. Ex: the spike was not solid and stuffed with wall of sellers. Got out earlier than goal. L: it didn't have strong move. Therefore, it's not enough gas to spike further that caused short sellers to come in.
Key Breakout Play. Bought this low float with news PM and spiked up 300%. Didn't trade PM though i had plan. FOMO took over and end up chasing the spike. E: near NHOD break. Thought of spiking further. Ex: failed to spike and chasing the weakness. L: when FOMO dont ever trade. Always end up making bad trades. Also the stock already up 300% , chasing should be the last thing to do.
Reverse Split Play. Low floater that did reverse split yesterday and released a news PM that spiked. It held its gain PM and spiked at the open. E: It held its spike above the previous day high and bought on NHOD break. Ex: did not stick to my risk/reward ratio. Got out too soon. L: must always stick to the plan. Was able to hold through consolidation, but when it spiked, sold right away.
Key breakout play. Bought this former runner that gap up and made NHOD break. E: NHOD break. Didn't stick to my initial plan to buy above 3. Ex: failed to spike further and the trend reversing.Cut lose quickly L: must always stick to the plan. Never buy in the anticipation of key breakout.
Dip buy play. Bought this former runner that has drop big. An opport. for dip buy play. Open weak and made R/G move. E: chasing. Bought on 2nd NHOD break. Ex: it didn't spike further and got out right away. L: ideally, buy on the dips after it spike and drop. Entry at higher dips with the initial dip as risk level (buy dips play chart). Better risk rewards.
Momentum 1st green day play. Bought the biggest runner at the open. Very speculative play. E: near NHOD break. Ex: fail to spike further. cut lose quickly. L: random trade. Everything is completely wrong about this trade (high float, no catalyst, not on the NHOD break entry). FOMO took over, end up jumping in to trade without any specific plan.