KenKwan
KenKwan May 23, 7:03 PM

Very nice trade! In terms of highest volume at breakout, that negating the fact that some volume bars at the open had even higher volume, right? Usually the morning bars have tremendous volume and breakouts later in the day have high volume spike (but not quite as high as some of the mornig bars).

Teyrex
Teyrex May 23, 7:06 PM

thank you. I will have to look back at my saved charts to take note of what the volume bars looked like in the morning in comparison to the HOD break volume bar. I mainly look to see if the volume spike is stronger as it pushes towards the HOD and at the HOD break.

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Pandabear
Pandabear May 17, 9:52 PM

I like dip buying I'm hopeless at buying breakouts. I trade the first 30 minutes of the day and try to buy the first or second dip on the 1 minute chart.

Henry263
Henry263 May 18, 2:06 AM

Thanks for Sharing this. How do you identify the candle for dip buying? You are looking one day before and then decide or how?

Pandabear
Pandabear May 18, 8:44 AM

@Henry263 I look at multiple time frames like 1, 5, 30 days and 1 year. But I focus more on intraday pre-mkt support and resistance after I've aligned it with other time frames. If you look at my last trade post on $IMMU, it was at all-times so I had no daily chart to align it with so I use the pre-mkt chart to find support and resistance and bought the first dip and 2nd break at the open.

Pandabear
Pandabear May 18, 8:45 AM

@Henry263 Sorry I meant the stock was at all-time highs so there was no support and resistance to look at on the daily.

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LegalPimp

i missed the last 1/2 hour of market hour and the dip buy opportunity on IMTE at $22 made itself available. its already gapping up to 24.50 after hours. it will probably gap up close to $30 premarket tomorrow morning.

KenKwan
KenKwan May 03, 7:26 AM

I did, sir! I had a tiny position thought, only 40 shares -- just bailed at $30.

LegalPimp
LegalPimp May 03, 7:29 AM

i just sold my remaining shares at $32!!!!!! didn't have the patience to wait till market open........congrats!!!!! A+ set up works again!!!!!!!!!

LegalPimp
1
LegalPimp May 03, 7:31 AM

even with 40 shares you made some nice gains!!!!! awesome work!!!! so happy you took advantage

KenKwan
KenKwan May 03, 7:31 AM

hahaha, nice!! amazing setup. props to you in chatroom *bows*

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Squiggs

Getting through these Grittani webinars, and studying hard this weekend. Main focus this week is to focus on shorting into the major daily resistance on over extended stocks. This strategy makes sense to me and I have seen it work consecutively. Thanks again @kroyrunner appreciate all that you do to help us students!

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KenKwan
KenKwan Apr 23, 12:58 PM

hey Squiggs, no worries! VLRX was ultra frustrating today, as I had my order setup, only to get an error message from IB saying they didn't have shares lol. Would definitely have been a nice short! Time to find another broker..

Squiggs
Squiggs Apr 23, 1:00 PM

Yea, IB has not lived up to the hype for me, at least not yet. I always have issues finding shares. Etrade is similar with Borrows. I just signed up for a Suretrader account, despite the terrible things I hear about them, I more or less just want to try them out and see their short availability.

KenKwan
KenKwan Apr 23, 7:40 PM

Cool. Let us know how suretrader is. For me, probably signing up for a cobra account and giving them a try

Squiggs
Squiggs Apr 23, 7:44 PM

Yea, Ill keep you posted. I saw Tim G mention Cobra in the chatroom, and to be honest it was the first time I heard of it. I'm going to take a look into that, keep me posted what you think of them.

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Angel_
1
Angel_ Apr 16, 3:59 PM

@papajohn Thank you for your honest and humble analysis of your situation. Glad to be on this journey with people like you.

KenKwan
KenKwan Apr 19, 5:39 PM

Kudos to you. I probably would have quit seeing such a drawdown. Thanks for sharing your fighting mentality!

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