Madbash | Profit.ly

12 Stocks to Watch on Tuesday Like $GBTC $RIOT $NXTD & $SGLB

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This was an OK bounce play on a contract winner. I was looking for a lot more strength in the last hour to justify a weekend hold.

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Madbash - Dec 23, 17 10:05 AM

Most Excellent Bounce play. Only got a fraction of the size I was after though. :-(

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GT500 Dec 23, 17 10:23 AM

I was actually looking to go long FGD, but was thinkiong more of a late day run. That is why I am asking, why at the open with BTC still very weak. Otherwise we are on the same thinking.

Madbash Dec 23, 17 10:27 AM

@GT500 I really wish I was watching GBTC instead of CANN That was a beautiful bounce that offered huge gains on even one or two shares.

Madbash Dec 23, 17 10:34 AM

@GT500 I guess I really wan't equating the INTV price action with BTC I was just playing the chart and the gap down was way too overextended to the downside.

GT500 Dec 23, 17 10:58 AM

Yes it was very big gap down that is for sure.

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Madbash - Dec 23, 17 9:52 AM

Decent little short, but my add let to my demise. I had to cut losses when this broke through two resistance levels.

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Madbash - Dec 22, 17 3:27 PM

Friday's Recap

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Madbash Dec 23, 17 9:33 AM

@asfricksrs Thanks Rick! Revwing our trades and plans goes a long way in sharpening our skills. Enjoy the Holidays!

ShaneDT76 Dec 23, 17 11:38 AM

Hi, I am a new trader and was watching SLGB all day (22nd) I entered in at the end of the day and stayed long over the weekend. I entered in at $3.46, and as you know it is $3.40 now. Some say the contract is with a bogus company and the Sigma is as all penny stocks worthless. I am nervous over these 4 days. Should I sell at he first possible moment or will it run. Hopefully good news will come out over the weekend/holiday. Any thoughts from anyone would be helpful.

Madbash Dec 23, 17 12:11 PM

@ShaneDT76 Shane, hi. You must have a plan ahead of time. If you do not have an idea of where you will cut losses & take gains you probably should not be in the trade. SLGB does have a catalyst, but is up a ton and didn't close near highs so it was not a great set-up imo. Also consider, if you a nervous, maybe you are playing with too much size? Don't risk too much when you are new. Consider small 100 share positions so you can focus on your %gains and your technique.

ShaneDT76 Dec 23, 17 6:10 PM

Thank you, I did have a plan, thinking about the catalyst, looking at risk, and potential reward... it was weak at the close, but I tried to capture the climb just to have it drop a bit. Then I did more down time research to find both sides of the argument, neither convincing. So I am back at my plan, I will trade accordingly on Tuesday AM. Thanks for you input. I am always open for feedback and guidance. May you and your family have an amazing holiday season. V/r.