It caught my eye as well. Earnings win a week or so ago then fell a bit into a low float anf then came back up again today. Volume is still relatively low but I think if it goes up another day or so it'll attract attention/volume for a nice spike

COOL is another recent chart with almost identical pattern, BCLI as well.

Weekly MA(72) is currently holding down the price action which can be seen on a weekly chart

I also show a BB coming down @ 1.98 so the action might not heat up today. Usually when it breaks to the upside, the potential gain could be larger. However, if it doesn't break the BB to the upside, it will do a head fake and head down, somethig gto consider.

profit loss for the day or profit loss since you got in the position i think.. use live support on think or swim theyre pretty good

I think it's a loss too, I tried the live chat but I'm not getting a response. Maybe that is because I'm only doing the paper trading right now.

I use the thinkorSwim platform and yes the P/L open is the profit or loss since you got int that position. P/L open is the profit or loss for the current day. Red means your down green means your up. If today is the first day you took a position in the stock then your P/L open, and P/L day will be the same. if you have any other questions about think or swim i would be glad to help out the best i can.

If think or swim was accurate (I've never used it) but mathematically P/L as you describe it is a ratio. you haven't indicated a color of the numbers and P/L are rarely in ratios because a number over one means you are winning and a number under 1 would mean you are losing.

As of now down 4.58% so you'd have nailed it! You keep finding solid plays like that and before too long the PDT rule wont matter :)

Nicely done. What are you using for such a clear photo ?

@Jason_Raposo I just make a screenshot, and save it to a folder on my laptop where I have other screenshots of patterns that worked out and failed.

Lol That explains why it's so clear clarity is awesome, I was thinking you had some expensive camera.

@Jason_Raposo hahahaha, oh yea, I mean I have a $2500 Canon that I use for it LOL JK. I would really suck as a pumper LMAO :P

From looking at the 1 year chart you should get a good morning panic. Plus it's the first red day with volume decreasing.

Like we said, you banked! Congrats on your profitable mistake!

Good job, always study the past!

Thanks guys - I just got to the part in the Pennystocking Part Deux where Tim is talking about 1st red days. So nice to actually live the trade idea while learning about it.

Yeah you can burnout i think you might just be tilted

I don't think you can study too much. I used to overthink trades too but it was because I lacked confidence in my skills but after a while when you study enough and know what to look for you become less emotional and more robotic in your process.

@Scott_PaperTrader_legit @Chongette32 Both solid points. I think trying to master too much too fast has played a part in burning me out and losing confidence overall rather than sticking to simple plays I know very well.

@ImBatman Yeah it can if you try to do too much. The hardest thing to master in trading is patience. If you can just focus on the setups you know and wait for them even if it means not trading for a few days. Take small positions and once you have a few green days you'll get your confidence back.

I started w Fidelity and colud NOT short. I recently switched to ETRADe and got STT. Fidelitys platform was not used friendly and now that i have STT , Etrade and can short its like i can see everything SO much better and my profits are much better. Good Luck!

There's nothing about better profits that I don't like. Thanks!

It's not fees. You'll be flagged as a pattern day trader if you make more than 3 day trades in a 5 business day period and wont be able to make a day trade for 90 days. There are 2 common methods around it. What I'm doing is having 2 different accounts and switching back and forth between them so I don't miss out on too many plays. Or you can get a suretrader account, It's based in the Bahamas and isn't subject to the Pattern day trader rule. The down side is there customer service is such g

garbage. I've heard lots of people having trouble withdrawing money from the accounts with suretrader.

I am using 2 accounts as well.

@ImBatman I used suretrader in thr past. It's just tbr time it takes to receive it is slow