Received 1 Karma
King_Ramza
King_Ramza Jan 28, 17 11:06 PM

I'm a new trader and had PTCO on my list to short entering at 5.40, but I got a little scared because the volume was low and wasnt sure how execution would have been. Of course when I saw that it's low was 1.67 I kicked myslef but was glad I at least saw it. Preparation is the key.

King_Ramza
King_Ramza Jan 28, 17 11:07 PM

@Jacob925 PTCO was a pump. Highly doubt it will bounce, but if it does you should go short not long.

Jacob_925
Jacob_925 Jan 28, 17 11:50 PM

So was PNAT look at the bottom bounce at breakout at 1.64 also check out HADV

Madbash
Madbash Jan 29, 17 6:48 AM

@Jacob925 @King_Ramza PTCO could definitely have a #6 Dead Pump Bounce. The fact that it failed twice today is a concern, but this could easily spike back up toward $3 or $4 if the promoters do not give up on it. That being said I would really want to see some volume before going for a quick bounce. The short would have been great, but shares for a stock like this are tough to come by.

Join now or log in to leave a comment
Madbash

I like the idea of focusing more on these pumps. Initial run up and bounces can be good. Of course shorting when there are shares, but we know how that goes.

Join now or log in to leave a comment
mudit1234
1
mudit1234 Jan 28, 17 8:24 PM

@Jason_Raposo thanks!!

TraderDunn
1
TraderDunn Jan 28, 17 8:27 PM

trading in the zone and the disciplined trader are great for newbies

Jacob_925
Jacob_925 Jan 28, 17 10:50 PM

How to trade in stocks, How to make money in stocks

Madbash
Madbash Jan 29, 17 12:29 PM

@mudit1234 Reminiscences of a Stock Operator is a must, also Japanese Candlestick Charting: A Contemporary Guide to the Ancient Techniques of the Far East by Steve Nison

Join now or log in to leave a comment
Madbash

[TimChallenge] Yes Sir, Long 2500 $BIOC @ 1.64ish out p/m @ 1.86ish Long 1100 AUPH @ 3.11ish out @ 3.25 after market open. Good for a 689 morning, but I was reckless yesterday so I've still got a ways to go.

Page
of 81