SKIBAtrades

My trade on ETRM: Dug into some SEC filings and discovered that the CEO along with 3 other important company figures bought a sizable amount of shares at 2.05. On Friday (10/13) I entered on the first pullback at 2.00 on a strongly educated guess that ETRM would have a press release to start a run that day or beginning the following week. As expected, ETRM announced at 8:00 a presentation for an upcoming conference. The news was paired with bullish indicators (13EMA crossing 50DMA) and a pop in the price was inevitable. The chart setup and news was nearly identical to CYCC so I used 9/21 as a frame of reference for trading today. Why these two potentially great runs both got stuffed I still do not know but I am happy about locking in profits, onto the next trade!

Join now or log in to leave a comment