0.096.6954
509000
Total Profits:
($156.25)
($19) Loss
KBLBLong Stock
($17) Loss
EDXCLong Stock
($12) Loss
GOGOLong Stock
DerekMelchin

Yesterday, this stock had a nice multi-month b/o on a preliminary earnings PR w/ strong vol. I put it on my watchlist for a continuation b/o. Right at the open today, it made a new multi-month high on strong vol. Right as it b/o, the stock squeezed up to the 5.4s because 40% of the shares are short. I didn't want to chase it so I waited for the b/o confirmation dip entry. It came down nicely to within my range at 5.3, off the b/o level of 5.27. Some support formed, but it didn't last for long.

000

$18 Profit
GOGOLong Stock
DerekMelchin

This stock popped up on my scanner a few days ago because it was spiking big on an earnings release. Today it was uptrending very nicely, right up to the b/o level that I had in my trading plan. I originally wanted to get in at the b/o of 5.12, but after revision, I figured the $5 b/o was a better entry place. It slowly started to uptrend on relatively strong volume. I wanted it to go higher, but the b/o was soo slow and quite choppy that I reduced my target and was able to get out w/ profit.

000

($6) Loss
PRPOLong Stock
DerekMelchin

I made an accidental trade again. I forgot to update the ticker in the TWS before submitting the order. I'll make sure to double-check this every time from now on.

000

($12) Loss
PURALong Stock
DerekMelchin

Since this stock spiked early this morning, I was thinking that if it broke its mid-day highs, it could test its b/o level again. I was watching the level 2. There was a massive seller (250k) flashing shares at the 0.09 level, where the stock was held all mid-day. I had the idea that I wanted to be the buyer to crack the level. I figured that his size was all gone as many shares executed on the ask, so I bought. I guess he had hidden size because he just kept dumping tons of shares at that level

000

($10) Loss
PURALong Stock
DerekMelchin

I bought this stock that was spiking big in reaction to earnings. It's in the hot CBD sector and is a former runner. I bought the monthly b/o on strong volume, but it just couldn't get to my target level. It hit resistance hard right at the monthly high. It's been coming down off a recent huge spike a month and a half ago, so there were lots of bag holders in the stock. Cut loses quickly.

000

($17) Loss
POTNLong Stock
DerekMelchin

This stock was classic earnings winner. The news was released this morning, and we had a beautiful morning spike. I tried getting in at the dip, but it didn't get quite down low enough for me. I saw it uptrending and all I could hear in my head is how Sykes says that you want to buy after there is some spiking in the bounce because it shows you that there is actually a bounce going on. I blew the entry and got it right underneath the resistance formed from the morning spike.

000

($39) Loss
DCARLong Stock
DerekMelchin

This stock has had earnings a few days ago and has been uptrending slightly ever since. Today it had a multi-day b/o on strong volume, but it just couldn't spike as much as I wanted. I originally wanted to buy to right as it was breaking $3, but a massive buyer spiked the stock way too fast. I didn't chase though. I waited for the dip and got a nice entry on the next minute candle. I was thinking it could b/o to higher highs given the strong volume and the recent earnings catalyst.

000

($13) Loss
SMSILong Stock
DerekMelchin

I did well on being selective with this stock. Today, the markets were all up around 1%, the stock was doing a multi-year b/o on strong volume (passed a full-dollar level). It's a former supernova and a current earnings winner that has proven itself. It was a great setup overall. One thing that I did differently this trade is that once I saw the price was hanging above the 2.94 level for quite a while, I raised my risk level from in the 2.8s to the 2.94 crack. This made me more comfortable.

000

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*Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here.