0.439.45
50020000
Total Profits:
$11,535.00
Mikesnow951

no previous heavy resistance bought after a clear consolidation (double bottom) risking the days low, sold its strength not sure if that was a short squeeze but ill take it, happy Friday

000

Mikesnow951

bought premarket FDA news, weak open sold into the panic I cut losses quickly, the stock gained momentum after but in trading, you don't Risk disaster

000

Mikesnow951

failed vwap breakout #1 cut loses quickly

000

Mikesnow951

massive pullback after 2 down halts stock held 1/2 of its own spike

000

Mikesnow951

New IPO waited for the massive pullback, bought after double bottom consolidation sold while testing the 1st day's high of

000

Mikesnow951

clear double bottom after the 1st major morning panic (-25%) and previous support from long chart, sold into strength bought into weakness (consolidation)

000

Mikesnow951

I failed to follow the rules. always trade the price action not the news. after hours powerful headline was put out "SAExploration Completes Largest Shallow Water Ocean-Bottom Marine Seismic Project in Company’s History". quickly snapped back to reality and sold for a small lost and sure enough it faded all day during market hours

000

Mikesnow951

chased a low floater under 1m which is never a good idea, I was able to cut losses quick (Rule #1). chart showed a good premarket consolidation, premarket spike under 100%, there wasn't good enough PR to push through the 10m previous recent resistance. Lesson learned stay away from micro floats

000

Mikesnow951

Bought into a major weakness after a halt. I waited after clear consolidation and a solid risk level to enter the trade then sold into strength once noticed major #s on the ask, 1st green day, fresh PR, Low float low market cap, above vwap transaction, recent stock split no major resistance in the stock history

000

Mikesnow951

Entry comments: Previous Runner, solid PR news, low float low market cap, close to the morning spike consolidation above vwap

Exit comments: perfect days high's fakeout then a breakout, sometimes you gotta trade the opposite of everyone psychology

3
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*Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here.