I hope everyone is having a great weekend so far! Here’s a little Bonus Video Lesson recapping my month of March and a few tips on dip buying for those who were asking. March has been by far my best month as I doubled up my total annual profits this month alone. Here’s a look by week how I’ve done so far this year.
Week 1: $189 Week 2: $192 Week 3: $108 Week 4: $46
Week 5: -$55 Week 6: $31 Week 7: -$12 Week 8: $118
Week 9: $1,132 Week 10: -$28 Week 11: $331 Week 12: $167
Week 13: $455
Total $ Gains YTD: $2674
Total % Gains YTD: 669%
I actually only had $512 in gains a month ago today with a $912 account. Now I’m sitting pretty with over $5,000. (I deposited $2,000 into my account at the beginning of the month so I could start shorting stocks. I didn’t have enough capital in my account at the time and didn’t want to wait) Nonetheless, if I quadruple my account, I’m no longer under the PDT Rule so that’s a bonus. I still have a long way to go though and I’m still taking it one day at a time but I’m extremely optimistic right now when having a lot of doubts after a terrible February. Here’s a recap of last week and the video for dip buying. I hope you all enjoy and if you have any questions feel free to ask.
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CBIS – This actually got up to $0.0246 today which was beautiful and then faded most of the afternoon. I was out and about today so I was watching and making sure it wasn’t crashing, but I wasn’t planning on selling. I could’ve made a nice buck at the high ($125ish I believe) but I think we retest those highs again tomorrow. If not, I’ll look to get out unless it’s holding it’s gains nicely. This actually dropped pretty nicely today and my $100 profit turned into a $20 loss so far. I am still holding as I was away from home all day yesterday and wasn’t able to really trade at all. This did however hold up above that $0.0175 support/risk level. There were a few big buyers in AH I noticed so I’m going to hold this and see how it reacts Monday. Remember, last Monday was the day all the MJ stocks went nuts so maybe we get a pop again from over the weekend. If not, I wont be holding through Monday.
MCEP – I don’t see a real catalyst for this more but it ran for 3 days at the beginning of the month close to $2 and we’re now approaching that territory. I wouldn’t be surprised if this breaks out and heads above $2 tomorrow but I’ll wait to see how it reacts in the morning. Ideally I’d like to see a little more volume and a dip where I can buy into. I’ll watch the price action in the morning. I wish I had nailed this because I called it perfectly. This spiked a bit in the morning to $1.83 or so and then pulled back about $0.05 before ramping up to $2.10. That $1.80 would have been a great buy with $0.30+ of upside. I can definitely see this momentum carrying over into Monday and maybe we see a push towards $3. Other than hiring a new VP and corporate secretary, I don’t see much else to justify this move other than technicals so I’ll be careful Monday but definitely watching.
CPST – This has attempted several times to breakout above $1.69ish over the past few months and has not been able to. I may look to get in this tomorrow on a day trade long or short. If it fails to breakout, I’ll look to put in a short order and if it starts to pick up in volume and breaks out, I’ll look to possibly go long. This dropped at the opening bell substantially and failed to rebound twice before crashing in power hour back down to the lows. I wish I had put a short limit in at the initial bounce. I still thin this has roughly $0.20 of downside.
PGH – This is actually on quite the run since the beginning of the year and has broken out above multi-month resistance. Next key level is $1.50 and if it can get there, it may really move and there isn’t much before $3-3.50. Decent volume today so if it starts to pick up, I may look to get a small position in this as well. Ideally I’d like to get this back down at $1.10 or $1.20, but I don’t see it dipping that much. This gapped down and attempted to pop at the open but failed and then did pretty much nothing all day. Very slow mover but I will look for this to possibly hold or crack that $1.20ish support. Let’s see how this acts Monday but there is still good risk reward here both long and short so keep an eye out.
UPL – This is getting to the point where it’s looking like we may have one of those days where we see a huge pop. A lot of former runners that fade for multiple days and start consolidating, sometimes pop on really high volume. Ideally I’d like this to get as low as $0.27 or $0.38 to get in this for a long position. I’m not expecti