Best trading day this year for me as I made $500 and made over $800 this week so far. Big $1000 milestone passed for me today and now my next milestone is $2,500. Going back, I’m glad I took 2 days off after my UNIS trade because since then I’ve been focused and had my best week yet. I’m out of day trades for the week unfortunately however I’m going to use my swing trading skills to get around that rule. I’m long a nice position in VPCO o/n with hopes of a penny tomorrow or Friday. Here’s a recap of last nights watch list.
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VPCO – Beautiful morning today as this broke above the multi-day resistance of .0027 and nearly touched .004 where I took partial profits at .0038. I held the remaining portion of my position into the close and overnight. I’m hoping this gaps up in the morning above the .0044 resistance and keeps this uptrend going. This closed very strong with great volume which is why I think this will run tomorrow where it’s pretty thin on level 2 after .0044. WOW!! Supernova and I don’t even think it’s done yet and I’ll tell you why in my watch list later on. I closed out the rest of my position from $0.0024 at $0.005 for over a 100% gain! Who knew I could’ve made 200%??! I ended up re-buying the dip at $0.006 and got out at $0.0072 for another $200+ profit for me. Now my 3rd in as many days! I did re-buy again towards the close with the anticipation of this getting to a penny tomorrow or Friday. Overall, this was some of my best trading and I’m happy with my progression.
SUNE – This dropped all the way down to $1.40 in PM before spiking up to $1.70 where it double topped and then started to fade. I got in shortly after the second dip and it started to rebound a little at $1.60, which is where I got my short entry in hoping to see the LOD from PM. It failed to get there but it faded a little into the close where I covered at $1.52 as I didn’t feel comfortable holding o/n. I still think this can get back down an additional $0.25, so if it can spike a little, I’d think about re-shorting if it’s excessive. This actually climbed steadily all day and then spiked up towards the end of the day. It’s now down big in AH after suspending their dividend on preferred shares. I would’ve love to find shares to short as it was spiking into the close. I’ll wait to see how this reacts tomorrow but for now I’m out of day trades so I’ll be looking and scanning closer to the close tomorrow.
ELMD – This finally cracked today after pretty much a month of straight gains. I was preoccupied with SUNE and VPCO this morning so I didn’t quite catch this but it did have quite the move downwards. I’m curious to see if this crack continues and we start to see this come back down to the low $4’s or high $3’s. Let’s see if we can get some more volume first. This actually dropped pretty big today before noon and then recovered and went green shortly after on very low volume. I’m curious to see if this has given up and we see those low $4’s tomorrow or by week’s end.
Here’s a few stocks that I’m always watching do to their volatility and ability to spike huge given the right catalyst or PR. Sometime they spike when they start to get near their long term support levels also without any catalyst.
VLTC, LIVE, AVXL, HMY, NXTD, TGD, UNIS, GSS
If you would like to know why these are on my watch list you can either ask, or go back into my watch lists from earlier in the year explaining in detail what I’m looking at and why.