IceMan14

vvryan10
3vvryan10 Feb 02, 1:51 PM

Read over and review. Commissions are the killer of small accounts. Cost on average 8-12 a trade on commissions. componded onto loses it adds up fast. On small accounts you must not over trade and be very selective when entering a trade. Good luck

Chongette32
Chongette32 Feb 02, 6:22 PM

Don't give up. I'm looking at both trades. UQM need volume to push it back up but it's hard with a medium float stock on low volume. To answer if NAKD was a chase, it was if you bought around 10AM. You need to buy at key breakout levels. The better buys would be at the breakout of 1.70, 1.80 or 1.90 if you missed it. Look at my charts from today for entry points.

Chongette32
Chongette32 Feb 02, 6:31 PM

I just read your last paragraph. You're still young, so don't give up and just keep studying. You've only made 33 trades! Just come back when you've got some money saved up. And by then you'll have more knowledge, just keep studying if it's your passion

IceMan14
1IceMan14 Feb 03, 8:30 AM

@Chongette32 I bought at 9.40am USA eastern time. I'm not giving up, thanks for advice, I have 1/3left, was just saying to another trader It could be much worse, I can top up my money and paper trade and continue studying. Thanks for the motivating comments.

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TheWindWarrior

Palmer
2Palmer Jan 26, 7:38 AM

move up and out of consolidation but I would still wait for the volume to come in. Look for the volume that got the stock moving up previously and look for that same amount of volume to get it moving again. I have that in my blog somewhere here. Either way, I've been whipsawed enough from assuming breakouts that I will pass on them more now than previously per the fake moves up and out of the consolidation area. If in doubt, stay out.

TheWindWarrior
1TheWindWarrior Jan 26, 8:38 AM

Thank you very much for the detailed responses, helps a lot.

alealvarez
alealvarez Jan 29, 9:32 PM

Nice words @Palmer . I kept thinking about looking for the volume that has moved the stock in the past as it might move it again if that volume shows up again. Did that work for you several times?

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AndreyKoltsov

Settler
Settler Jan 25, 1:59 AM

BGI. looks possible morning spike but I would be more comfortable if my buy was @ 1.70.

Settler
Settler Jan 25, 2:02 AM

AUPH has risen due to optimism, but I would not buy into stock that rose so fast. It has healthy spikes but...

AndreyKoltsov
AndreyKoltsov Jan 25, 4:38 PM

@Settler AUPH would have been decent for a morning spike but BIOS was only good if you held o/n

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Chongette32

Settler
Settler Jan 23, 3:10 PM

And...do NOT hope. Scalp the profit.

Settler
Settler Jan 23, 3:11 PM

You can re-enter anytime if you scalped a profit.

Chongette32
Chongette32 Jan 23, 3:17 PM

@Settler I didn't hold and hope :) It did exactly what I thought, got to the 4.90s, never hit my stop of 4.49 but I didn't have the patience to hold and I traded too much today.

Chongette32
Chongette32 Jan 23, 3:19 PM

@Settler When I said hope for a retest to the 4.90s I mean that was my goal/target price :)

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Settler

Peregrine_Trading
Peregrine_Trading Jan 23, 11:09 AM

It doesn't really spike on its own; it's all proportional. So if you had 1000 shares worth $0.30 each and they did a 10-1 split, you now have 100 shares worth $3 each. So while the prices appears to have "skyrockted" $2.70, in reality your shares are worth exactly the same; it's all proportional.

Peregrine_Trading
Peregrine_Trading Jan 23, 11:10 AM

Though what some companies who are on the verge of delisitng or bankruptcy will do is do a reverse split (to get their share price up), then pump their stock with news (to bring in more investors/bagholders), then do a dilution to raise a bunch more money real quick. So if there's a company that's on the verge of delisting or bankruptcy that just did a reverse split, look for possible news and ride that wave (BUT DONT HOLD ON OR YOU'LL BE SCREWED WITH DILUTION)

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Dbask

Settler
Settler Jan 23, 10:59 AM

I've seen it and bought it, it has sudden spike say from 0.03 pennies to 15 dollars and nobody buying it. You see a spike but no volume. One such example $MINE in December last year. Look it up.

Dbask
Dbask Jan 23, 11:23 AM

I seen one this morning with dyrs but it didnt pop on on tje gap up scanner

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