Whats up Guys?! another Successful day in the markets, but not quite as successful as my previous 2 days. Follow me on SnapChat if you haven't already, I've been posting my trades in there and my reasons behind all of them. Username is Gferry123
One play I'm excited about watching is CRDS! If you were on my snapchat yesterday you'll remember i used CRDS as an example of support/resistance at .41, I had said at .41 this is a great Short, however like an idiot i didnt listen to my own advice and left it alone. Today I shorted it at .31 and am holding. I think it has potential hit .18-.19 so i put a hard stoploss there and will let the ticker do the work for me. I've been successful with this type of play already with $GPL shorted from 2.07 down to 1.66 where my executions were near perfect!
I played NETE right at market open with the expectations that it could hit .36 from my entry at .31 for a little over a 10% gain. It didnt have the run power so I closed it at .32 for an overall neutral position. This is my first near loss!
EBIO was a play from yesterday. I had bought EBIO yesterday at about .95 and sold for 1.14 (not a bad play) however I should've held over night seeing as it went up to about 1.50 today! I saw the bullish trend on EBIO today and decided to re-enter at 1.22 I held until 1.47 where I saw multi-month resistance at about 1.50ish. It ran up to about 1.55 and had a strong pullback right within minutes. I was already out by the time it hit its day high but all in all another strong trade.
3 days on paper trading and i've now had a total 10 postions, 1 is open and thats my CRDS short. I've made an average of 20% per trade! Best part of all of this is I'm doing almost everything myself. Most of my traded Tickers haven't been the ones all over the chatroom. Stocks to Trade is some truly AMAZING software. anyone who is considering it, MAKE THE PURCHASE!!! Anyways I've found pretty good success in just trading about 30 minutes premarket until 10:30ish EST. I live in AZ so this 5 am stuff is killing me but this is strongest window.