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Bought it for the exact same reason as HTBX, very low risk great reward at the bottom of its range with p/m momentum and volume building up quickly but it faded very fast and did nothing, broke even. Bought and sold at the exact same prices as HTBX. It was a shareholder letter that I thought would be a good catalyst especially since not much else was looking like it would run or gain momentum.
Bought it for the exact same reason as XXII, very low risk great reward at the bottom of its range with p/m momentum and volume building up quickly but it faded very fast and did nothing, broke even. Bought and sold at the exact same prices as XXII. Positive phase 2 results I thought would serve as a good catalyst for buying the first dip but it faded fast. Since nothing much else was running p/m I thought this one would stand a better chance.
I had this on my scanner and I planned it half an hour before the open. I don't normally like buying within minutes of the open but the setup was good, it had a nice spike and I bought anticipating that it would brake p/m resistance at 1.00. It struggled for 10 mins at that level so I got out, since it is a risky low float. f it was really worth my money then it should have no problem with spiking through 1. When you ask, why is it not doing what I want?! Thats when you're supposed to get out.
After hours and previous day resistance was at 3.40 which I bought when it so easily broke that level. It has been strong in the past, but tricky when I paper traded it yesterday and missed my goals. It was the third green day and I didn't plan to hold for more than half an hour but it was surprisingly weak, no dice, these stocks are random to some extent no matter what Tim says, otherwise he would be right 100% of the time. NO DICE
This was a bad set up at 10:45 but I don't know why. It is in a hot sector, has interest even heading into midday, low risk entry and the fact stocks at this time tend to gradually float in one direction and midday reversals are uncommon and its day 1. Please will a profitable trader give me a reason why despite all this, the trade is wrong? I think market maker manipulation but I really don't know. I feel like there is soooooooooo much that Tim doesn't cover.
Tried to buy the first pullback of the earnings inner with a clean chart and volume since it wasn't overextended on the long term. I tried a @turbobob style but while he makes thousands, I am very naturally gifted at losing thousands very fast. Always losing, always smiling. I will add more to this later on when I have analysed it properly
I went in and out at the open, then in and out again first aiming for a dip buy bounce, then a midday small breakout. The first plan was better then the second, though I lost on both. I took a low risk buy at support and a low floater with volume and a clean chart and former runner. It has a history of never doing well for more than a day but it is day 1 and the price action looked like momentum was there but it just wasn't. Well and truly done with this junk now. Removing it from my watch list
I paper traded this yesterday, capturing a much bigger chunk of the move, my idea and plan was all good. I researched it yesterday and was watching it since. It was a day 2 dip, I saw a small gap up, it became a cup shape but the handle never formed and there was panic selling so I held up to the 3.90s and sold at 3.70s on the fade, arguably I held too long given its a low floater + when you see a 5% in 5 min move its normally a sell signal especially into the heavy resistance at 4 that it had
Lost big, my wallet weeps mercy. I do admit I chased this, should've bought in the low 1.90s not at 2.18 but I was eating dinner with family and just being a proper human being and having a life. I knew it was junky but I expected at least a morning spike for a half hour before a fade but it couldn't even do that. Pitiful. Earnings winner with a reputable analyst's upgrade. No screenshot needed, I did lose, believe me. Lost $100 after commissions not $80 as shown. I shall rob some banks next
It's clear, my losses are more to commissions than anything else. I wanted confirmation since buying too early on NAKD could've lead me 2 being faked out, so I was looking for a cup shape forming a handle to go to 2.30 or so, I only expected a smallish gain 10% or less. Price action ticks were the best I've seen in some time, it launched a new product to which the news was gaining traction but I was wrong. I'm trying to see if I was chasing or if it was a good entry point. I cut losses fast obvs
This was a contract winner, but it failed to gain more than 300k in volume but it grew in volume quite quickly premarket according to my STT scan but it stopped. The contract seemed standard to my experience until it said UQM would go from a tier 2 supplier to a tier 1, which is good as Tim said in one of his old archived vid lessons. I thought it could go to .60, .65 and I would sell with a nice small gain but nothing.
This was another key play on my short watchlist today, there was a panic sell off that seemed to even out at the .90 key level so I bought expecting a curl up to end the day and make 8-10% since vol was gaining & people are flocking to buy this hence more likely to notice panic as an opportunity. I was wrong. I have lost most of my money on 30 trades, braking the rules few times I could count them on one hand. I know my mistakes, analysed it, but here I can't see a mistake. Am I just reckless?
4.28 was my average if you look at my screenshot. This was from my watchlist, only since yesterday, I knew that it had ran up yesterday after completing its $200million financing so momentum guys are jumping on board. I never wanted to trade this because it is so junky and scary in that it rises and falls so fast, but the setup was great pure breakout above the 4 tops at 3.85, bought at the round number, as per PennyStocking Part Deux. I locked in some profits at 4.35, wish I had closed it fully
Overall markets are getting crushed since the open. I played the strongest stock in my watchlist with good price action on multiple timeframes, long and short term cup and handle at 6.35 anticipating a gap up. It also had a collaboration agreement. Instead it consolidated then tumbled. No dice. More losses for me, I will not trade any more today since I can't see any setup at the moment that is good enough to trade when the markets are in such a shape.
My average when exiting as 1.89 (1.86 and 1.92). Perfectly executed, I placed a limit order and I went by my plan that I prepared before the market open, sold into the consolidation in a key area. It ran into the 2.30s only to consolidate more. I took a good amount of the move, it had all my criteria of a good set up.
IN AT 0.54 for the morning spike out at 1.50, tried to cut losses quickly but it dropped like a stone. It was the biggest premarket gainer, had impressive news, great past performance, perfect account builder play, January play worked against me, I adapted but I perished trying to do so. Only mistake was perhaps buying at too high price and not having a good enough risk reward but with ETRM and GLBS a trader doesn't want to rule anything out.
In at 1.86 out at 1.85. Should've pulled the trigger in the 1.70s and went out in the 2.05s but STT kept crashing and wasn't showing me the 2m candles so I couldn't see the move. Simple momentum play. Dint buy BIOC in the 1.60s like I was going to, because of my loss on ANY. I am taking the day off. I cannot be bothered to post a screenshot on a loss. Just take my word for it. losses aren't great. I will happily admit them to show everyone how sadistically tough trading with a tiny account is.
I Entered before volume was picking up and it got halted/paused. I bought at 6.39 and sold at 6.79. Sloppy really but it moved so fast I didn't want to risk anything. Nothing in my watch list moved my way today so I went for this and didn't look at it for very long. Still an ok trade, didn't intend to just scalp but it became way too scary. It only started as a small morning spike and it escalated and qualified a s good enough trade for a few minutes in my book.
In at 2.72 out at 2.76. This had news of a merger and I missed th breakout but from experience and lessons I knew there was likely another chance to pick this up, looking like it was forming an ABCD so I bought a dip at a price that looked great. And it was, expect the thing made the familiar uncomfortable consolidation so I got out after 8 mins at 2.76, one of the few that didn't make a loss on this.
I didn't intend to trade today because the markets are consolidating and uncertain and many biotech are crashing and the spikes are brief and not convincing in general. TBIO was the favourite set up no doubt, so it was all in the entry points. I got 1.29 a great entry then it went to 1.50 in 4 mins then done to 1.33 in 1 min so I got out, also a nice exit but I was too patient. I should've known to expect a faster move on this one. Lesson learned, no dice. I'm starting to do screenshots.
In at 0.79, out at 0.73. t was either this or OPGN where I intended to buy after a confirmation of a turnaround, so a dip buy, but it struggled to uptick then a sudden aggressive downtick. No dice. Good setup, I spent time planning but a shame to not see any rewards. Could partly be the overall market is tanking. P. S. OPGN was too junky and didn't score as well for me, I didn't think it was good enough, I don't like overtrading.
In at 2.24 out at 2.14. I got in at the same time as Tim I was always watching it, we happened to have the same idea. I got rubbish executions but still kept to the rule of cutting losses quickly. Maybe I let this one go 2 minutes too long but still it was a good set up with most odds in its favour, 40c of upside, only 10c of risk but it still didn't work out. No dice. This needs to work out for me but I cannot get a single winning trade, even by sheer luck I can't get a 1 time win. It's painful
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