0.002813.85
165.02200200.0
Total Profits:
$3,641.58
-$4 Loss
NXTTFLong Stock
gavinluke

Scratch trade on an OTC that I only got a partial fill on that I was right about, but since I got a small position, I ended up losing due to commissions - lol. The market these past few weeks have been rough for longs and OTC's have been pretty dormant. I'm being extra careful right now and taking much smaller positions.

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gavinluke

Scratch trade on an OTC breakout that ended up failing - got out virtually breakeven

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-$227 Loss
MBRXShort Stock
gavinluke

Stupid trade here - tried shorting a low-percentage gapper as it was breaking down that ended up being a short trap and reversed. I stopped out about 2-3% higher than I wanted due to being unsure and I paid the price. I will not be shorting listed stocks until I study a lot more and get a CP account, I just don't have enough edge yet.

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$62 Profit
IRNCLong Stock
gavinluke

I dip bought this OTC morning panic after it slowed down and consolidated around 0.035 and I sold around into a quick pop. I decided to re-enter after it looked like it was going to spike more, but I ended up being wrong and I cut losses quickly for an overall small gain.

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gavinluke

I dip bought this strong OTC spiker on it's 1st green day as it faded/retraced back to a key breakout/support level and bounced off that level. Goal was to sell into an EOD uptrend or spike. I ended selling into a spike that followed right after I got in and I took profits. Solid gain here after 2 weeks of no trades!

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$15 Profit
FNMALong Stock
gavinluke

Scratch - basically breakeven trade on $FNMA that I decided I wanted out on because I didn't like the price action

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-$235 Loss
KALYLong Stock
gavinluke

I dip bought this OTC spiker on the D of the ABCD pattern on its 1st green day with considerable volume. The goal was to sell into an EOD uptrend or spike, but I ended up cutting my losses as the volume faded and the stock followed suit and cracked support. I got caught up in some illiquid OTC slippage and took another 2-3 % of a loss than I wanted.

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-$21 Loss
SEELShort Stock
gavinluke

Scratch trade getting used to executing short orders with E*TRADE - starting to learn a little bit about the dark side of trading - lol

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-$45 Loss
SHMPLong Stock
gavinluke

Speculative ABCD pattern dip buy on a former supernova with a huge volume spike. Goal was to sell into a high of day rip or hold overnight for a gap up and morning spike. I ended up cutting my losses as the volume immediately faded after I bought and it broke a key support level I thought it would hold.

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-$258 Loss
SLNOLong Stock
gavinluke

I dip bought this 1st green day hot bio-tech at the end of the day with the goal of selling into a short squeeze into the close. Bio-techs are running hard this week and all of them have been squeezing into the close. I ended up cutting my losses quickly, thank God, because the stock tanked into the close. It's been a while since I've seen an afternoon panic like this one. You have to protect yourself - cut losses quickly!

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-$99 Loss
MLNTLong Stock
gavinluke

I dip bought this ABCD pattern spiker on the morning high breakout in the afternoon with the goal of selling EOD into an uptrend or parabolic move upwards. I ended up cutting my losses when the breakout level didn't hold, with fading volume, which was a tell-tale sign the pattern was going to work - definitely noted for future trades.

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-$70 Loss
NGTFLong Stock
gavinluke

Dumb trade - I broke one of my biggest rules here - Never Buy Strength! I tried chasing this hyped up OTC Multi-day breakout spiker right at the open, but there ended up being no spike and I got a pretty great exit on this one. Even if the spike worked and I snagged a profit, this still would have been a bad trade because I broke one of my rules.

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-$80 Loss
CNATLong Stock
gavinluke

Same ABCD pattern I like to trade here, but I bought on the "D" this time instead of my recent transition to buying on the "B" because I missed the "B" in the morning. Buying strong stocks on their 1st green day at the "B", ideally on a support leveI, work a lot better. I ended up getting chopped out as you can see below, but rule #1 is cut losses quickly always. On to the next!

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gavinluke

I dip bought this OTC spiker at the end of the day on a big dip on an uptrend into the close. Goal is to hold o/n and sell into a gap up and morning spike, if the level 2 indicates it will gap up the next morning. I ended up selling ASAP at the open to get out because it didn't gap up and it ended up being the right decision. Take singles!

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-$48 Loss
EDXCLong Stock
gavinluke

I dip bought this OTC spiker as it consolidated above its morning spike highs with the goal of holding intraday through an uptrend and selling into an afternoon spike for 15-20%. I ended up cutting losses as soon as it couldn't hold the 0.27 support level & VWAP level - it ended up being the right decision as the stock faded lower EOD into the close

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-$54 Loss
SEELLong Stock
gavinluke

I dip bought this beaten down sympathy play with the plan of it holding a key support level of $3.50 for a double bottom reversal and squeeze. The stock ended up chopping me out as it didn't hold that level exactly (like most NASDAQs do - which I need to understand more thoroughly for the future) and I cut losses quickly.

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-$203 Loss
SEELLong Stock
gavinluke

I dip bought this morning spiker after it retraced from its highs and found a bottom in the $2.70 region and it started up-trending and ripped through the VWAP. I bought it on a dip just below the VWAP, thinking it would hold there, but it ended up slamming back down to it's previous low of $2.70 and I cut my losses. These choppy NASDAQs are hard to figure out where the solid levels are - I need to study them more.

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-$150 Loss
DSSLong Stock
gavinluke

I dip bought this morning spiker after it retraced from its highs, thinking it would hold a $1.60 support level. It ended up not holding and I cut losses quickly after it crossed my risk. It turned out that $1.50 ended up holding and ripping later (it had more technical support there) and I should have known to buy there instead. Still learning how to play these - on to the next!

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-$68 Loss
MOSYLong Stock
gavinluke

Speculative OTC play where I bought on the B of the ABCD pattern thinking it would hold a level - it had low volume and the support level ended up not holding so I cut my losses after it crossed my risk. I've been doing a much better job of cutting my losses quickly after it crosses my risk - you have to protect yourself in this game.

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gavinluke

This was a combo of two trades on the same stock intra-day. One was a big win and the other was a small loss. Check out my entries and exits below, but the win was me dip buying this ultra-low priced OTC on really big volume and selling later intraday after a HOD level held. The loss was getting back into the trade after I saw the Intraday Perk set up forming, and the pattern ended up failing.

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*Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here.

Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.