0.0936.6954
502500
Total Profits:
($51.37)
($25) Loss
CVSILong Stock
DerekMelchin

This was an earnings winner multi-month b/o on strong volume in a hot sector while the 3 indexes I follow were all up >1% on the day - a true sniper trade. As soon as the stock's ask broke the b/o level, I jumped into the trade. The level 2 crossed, making the trade a little hard to read while I was in it, but I compensated by watching the time & sales window too. The trade went my way for a few minutes, but the stock has already been going up for 3 consecutive days so it had that against it.

000

($32) Loss
NCTYLong Stock
DerekMelchin

...After I exited the last trade, the stock looked like it reached its bottom. Some big buyers stepped in and for 3 minutes, it uptrended from $2.7-$2.9. I didn't want to miss the bounce, so I got in at the top of that mini-bounce. I liked this bounce a lot because during it, the buyers took out the massive 150k share sellers that have been pounding the stock down. I thought this was the beginning of the recovery. I was wrong and the stock made new lows again. If you're wrong 3 times, walk away.

000

($38) Loss
NCTYLong Stock
DerekMelchin

...After I exited the last trade, I wanted to get in at lower prices with a low risk level. At this point, the stock was showing some solid signs of support and was even starting to uptrend just slightly, so I got it. I was risking off the previous day's highs. Again, big sellers knocked the price way down after I entered and then I was out quickly.

000

($40) Loss
NCTYLong Stock
DerekMelchin

I saw this stock a few minutes before the market opened on the day. It was going crazy pre-market from the news last night about the EV joint partnership. I came out of retirement for this stock because it was tanking big while the market was going up. Pre-market it got up to the low $5s from a previous close of $2.52. I figured it could have a bounce after its panic and get back to near its pre-market highs, but after I entered big sellers just kept stepping down on the price with each downtick

000

$25 Profit
NDRALong Stock
DerekMelchin

This stock had the perfect setup for an earnings b/o today. It set a $2.94 top a few days ago the day after earnings. It retraced for a few days before testing its high again. I wanted to get in right at the b/o of the former high, but it spiked early this morning. I didn't see it until it was into the low 3s. but I didn't chase. I wanted the stock to get up to the $3.4s, but it's b/o was choppy and had a wide spread. Since I wasn't sure it could b/o again, I sold $0.01 below the day's high

000

$20 Profit
SRNELong Stock
DerekMelchin

This stock is up huge on earnings. Yesterday, it broke through 2 significant levels of resistance on the daily chart and closed very strongly. I bought it into the close because it confirmed the multi-month b/o on strong volume and finished near the very top of its range. After-hours, I was searching through PRs and I found out that the company has a presentation tomorrow at 2:45 pm EST. I didn't want to hold through this, so I got out in a nice little pre-market spike above $4.

000

($0) Loss
EDXCLong Stock
DerekMelchin

This was an accidental trade. This was the first time I placed an order in TWS, and I didn't remember to update the ticker. I won't make this mistake again.

000

($26) Loss
HAIRLong Stock
DerekMelchin

This stock was a huge pre-market winner on earnings. It gapped up from $0.834 to $1.38. After the open, the stock came down off its highs. It was still up around 20% on the day, but it was down about $0.80 off its pre-market highs of $1.87. I dip bought it because there was a ton of support around the $1.07 area and that happened to be the b/o confirmation level. It didn't go as planned and the stock just faded to my stop loss below the $1.

000

$13 Profit
ADXSLong Stock
DerekMelchin

After my most recent loss, this stock went down to a very significant support level. The stock was now down >20% on the day, so I figured a dip buy was the right decision. My original target was to sell just under the $0.5 level, before it went breakeven, but it couldn't bounce much. The daily chart was looking very bad by day's end (with a morning panic and no bounce all day), so I sold my position for a very small profit instead of risking it o/n, potentially another morning panic tomorrow

000

($23) Loss
ADXSLong Stock
DerekMelchin

Yesterday, this earnings winner spiked up to $0.69ish and then faded all day and ended the day above the $0.50 level. It opened right above support from yesterday, so I figured I could dip buy it because it was nearly $0.20 off its highs from yesterday. At the open, it spiked from $0.52 to $0.55, but I didn't chase. I wanted $0.51.There was a huge buyer that emerged from $0.51 but was taken instantly. I got in with a limit of $0.51. Right after, it started to panic. Cut losses quickly.

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.