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dmatin
dmatin Jan 19, 18 3:01 PM

It happens to the best of us.

aidan222sharpe
aidan222sharpe Jan 19, 18 5:35 PM

DCIX looked similar to this the day it went supernova. it spiked at the open with huge volume then faded, then curled back to VWAP. I guess tons of people shorted the spike at the open then got squeezed out. imo it would of been a good buy when it broke hod then came down and tested it as support, or when it broke VWAP but it could of gotten stuffed

aidan222sharpe
aidan222sharpe Jan 19, 18 5:36 PM

the way it squeezed through VWAP reminded me of DCIX so much. you could tell tons of shorts were in this one. this doesn't happen all the time so id be careful looking for this setup on a daily basis (directed towards newer traders reading this)

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AWBrennan
AWBrennan Oct 06, 17 2:17 PM

Oh My God. I could have written that word for word on $ LINU and add to the fact it was the middle of the freaking day. I had a stop loss ready to go except Tim Bohen thought this was a near perfect set up. another mistake by listening to someone against my want to exit the trade. lolololol

penny_WISE
1
penny_WISE Oct 06, 17 6:29 PM

Yes, yes, yes! I had some really great trades this week. And then I had even more terrible trades... really, really bad. FOMO and not having patience were my two killers. Also, I just need to study more, to truly understand where the bottom support is at. I am still not understanding it completely yet and need to be more conservative on my trades until I get it...or don't trade at all!

kdizzle
1
kdizzle Oct 06, 17 6:31 PM

You tell yourself you won't fomo again but honestly a fomo every now and agin isn't the worst thing as you are in action which

kdizzle
kdizzle Oct 06, 17 6:34 PM

God I wosh you could edit comments and doing this on a mobile phone is just too difficult so I'll end with Good Luck and keep trading as like active traders are a dime a dozen around here.

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Sebastianjhugo

Lesson learned. Don't buy a stock end of day that's ending hod, when its under a major resistance point. The play would be to buy the multi week breakout, not buy in anticipation. Bc it can get slammed down.

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larkjr
larkjr Sep 25, 17 3:10 PM

Thanks for the post Sebastian

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axhtrader
axhtrader Sep 20, 17 11:32 AM

Pretty much the same mistake here. Could've made money, but got out way to fast and took a loss. When I am playing a morning Spike, I only enter if: Open is above, at, or slightly below G/R or Premarket Support level and holding. I'll wait until creeps above the mentioned levels and/or VWAP holding and making slightly higher lows all within the first 4 min or so. Timing an exit though is much harder for me, but selling into the second run after the first pullback is not something I thought of be

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