SO... Finally got shut down on my bread and butter pattern. The first green day overnight play. This is literally the only trades I've made money on. I am just pretty good at finding those big first green day spikers and holding overnight for a gap up or spike in the morning. This helps my PDT rule so I don't use day trades, plus I don't have to worry about where I should do my entry or if the stock moves too fast to get in.
Yesterday, I found EARS which spiked big then came down and just held all day. It really was a perfect pattern for a morning spike. Yea, the volume wasn't the best, and the overall markets were crap, but I liked the way it looked with some good news. I mean usually, those first green day spikers don't go unnoticed. That's why I love them, because they still have that momentum. Plus if it comes down before market close, they generally go up in the morning.
This morning, I was in and it went up only about $.10. There was no volume and the markets weren't even that bad. I got so bored after like a half hour, I just got out. Looking at other patterns, there was like no blatant, good entry worthy, morning spikers that I could see. Screw it for this market, even though I still have 2 day trades left, I'm just gonna call it good for the day and do some studying.
Good luck to everyone trying to go long in this climate. God bless you all. Trade smart!