Nathan_casey
Nathan_casey Mar 23, 17 2:03 PM

Yeah I get what you mean. But recently this play has surfaces so I guess people are adapting.

A_Kind_of_Magic
A_Kind_of_Magic Mar 23, 17 2:41 PM

Gap and Go is a pretty risky strategy all around. It could literally go either way which is why you see conflicting positions from the pro's. I actually missed HGTM morning spike, but recognized the far more stable cup and handle setup that formed after the initial fade and bought as soon as it broke out above the cup. Made a tidy $850 profit off of 2 separate plays on this stock today. I've been burned too many times on Gap and Go to feel comfortable continuing to try it.

TickerJesus
TickerJesus Mar 23, 17 2:47 PM

Yeah the cup and handle or u shape bo would of been the play when it broke the open price. Buy in and sell into that spike.

IceMan14
IceMan14 Mar 23, 17 3:39 PM

It is very unclear sometimes I agree. If price action seems like a gray area, look at multiple timeframes, its history of holding up, the market cap compared to how much f a range it has moved in to look for clues of overextension, or rapid panic without news. These other indicators help you make a decision. I'm not paid to say this but...watch his guides, trader checklist and penny stocking series.

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itsamiracl3
1
itsamiracl3 Feb 16, 17 4:38 PM

Hi @TickerJesus - don't be worried...CNBX is an OTC stock and those don't trade after hours. I believe this happens when market makers adjust their books for the day :)

TickerJesus
TickerJesus Feb 16, 17 4:52 PM

I hope so. But I am skeptical. I just cant believe I can't find any news. We will see.

itsamiracl3
1
itsamiracl3 Feb 16, 17 5:10 PM

@TickerJesus they will "trade" pre-market but that's whats nice about an o/n hold on an OTC is you don't have to worry about it until morning. A quick google search should clear it up :)

TheBULLet
TheBULLet Feb 16, 17 5:33 PM

Don't worry, it just went back up to the level it was at when the market closed. lol for now anyways

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JohnnyIN
1
JohnnyIN Feb 18, 17 3:45 AM

This was indeed a beautiful setup @$6.08. It held support from previous fake out and red candle @2:40ish also held support of last 3 minutes. A solid play at $6.08. And your thesis was good...very solid price action leading to eod. I know the pain of those pullbacks tho man! Lol you get used to them and let them run their course before reacting. You could have survived both...but the pain! Lol

JohnnyIN
1
JohnnyIN Feb 18, 17 4:05 AM

My 2nd trade TBIO...very similar to yours. Eod 10 min to go...2400 @1.10/share. The second I bought it plunged $.12. Before I could think of what to do it began up ticking. 8 minutes later it hit $1.52 and I got out; panting, shaking, sweating, heart rate of a 120. Lol had I been relaxed I'd have noted it finished spiking and continued into a/h where I could have made $400.

JohnnyIN
1
JohnnyIN Feb 18, 17 4:08 AM

Paper trading is good my friend but does nothing for emotions...need skin in the game to learn that side of it.

AngelTrades
1
AngelTrades Feb 19, 17 6:16 PM

@JohnnyIN Thank you for sharing your $TBIO trade haha I agree that it is very similar to my trade on $CLD. And I agree with your opinion on Paper Trading. It is good but it does nothing but give you a "somewhat" feel for the real thing. You need to actually trade to work on your profits.

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Zotti2017
Zotti2017 Feb 26, 17 10:51 AM

Hi Cory, could you be so kind and send me your great work as well? Congrats on your 11K profit! Kind reagrds, Heike

Zotti2017
Zotti2017 Feb 26, 17 10:54 AM

heike.franzen@icloud.com

Zotti2017
Zotti2017 Feb 26, 17 10:58 AM

Oh well, I am new to this. Sorry for any confusion, I posted this on this on the wrong headline. I meant your spreadsheet

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