Decided to have a second go at this when it had worked its way back to test HoD. Took the trade as it broke out with 200 shares at 2.66 risking off 2.64. A 950 block seller appeared at 2.66 and the rally disintegrated immediately resulting in a quick drop which saw me exit at 2.62 for a loss of $8.
This was the trade I should have played at the open. It's been on my watchlist for a few days and was expecting it to jump at the open. Traded the pullback and got a good entry with 200 shares at 2.59 risking off 2.57. Unfortunately the selling pressure at 2.65 proved too much and it dropped back rapidly. Was out when it hit my risk level at 2.57 for a loss of $4.
Disastrous trade on this one. Was not in my trading plan and was alerted to it just as the market opened. Made the mistake of jumping in on a FOMO reaction rather than letting it prove itself. The stock plummeted immediately and didn't really recover. By the time I realised I had messed up I was already down too much to cash out and expected it to bounce off a bottom, which never came. Once I hit $100 loss I had to get out.
Decided to take a second run at this stock after it continued to make new highs. Got in with 250 shares at 2.40 risking off 2.36. The stock had lots of overhead resistance and dropped down several times to find support at the 2.4 level. It consolidated into the close and, not wanting to hold it o/n, I decided to exit at 2.40 for break-even.
News of award off the back of $10m contract seemed like a good catalyst for possible gains. The stock dipped initially, but made steady ground and looked to breaking to new highs. Took the trade with 200 shares at 2.33 risking off 2.30. It got to 2.37, but was being beaten down by constant stream of sellers. Was feeling uncomfortable in the trade so decided to exit at 2.36 for tiny profit of $6.
This stock made big gains in pre-mkt on news of FDA clearance but dropped significantly at the open. It seemed to rally but then lost its gains again to settle at 1.11. It looked to be rebounding of day lows so took trade with 500 shares at 1.12 and risking off 1.11. In retrospect this was a dumb trade given it was making lower highs and lows. It started to fade off and so I took my exit at 1.11 for a loss of $4.