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This otc runner got the buyer beware notice which I knew would kill its run. I was able to find the last bit of shares at IB and got short in premarket. I look the patience approach on this and would cover under $1 where it came from. The stock really died and I covered 2 days later. Very sweet trade to close out this month and 2018.
This stock had a massive run yesterday and was gapping down today premarket. I took a position with the goal of catching more sell off. I added at the open when it failed to go red to green. The trade was working for a little until it broke back green for real this time. I had to protect myself so I covered. The stock didnt hold green for another 10 minutes before panicking back red and then faded all day. This was a trade worthy of a re-entry.
This stock is having a speculative run and kept holding up. Into the close volume was picking up and I decided to take a position for a late day run. I didnt want to hold overnight so I was specifically looking for a quick run into the close. The stock made new highs but the strength didn't last. I sold out for roughly breakeven. Can always re-enter tomorrow without overnight risk on a sketchy OTC.
After watching this sell off even more after I covered for a loss, I realized this was still acting exactly the way I wanted. I got short over the weekend. Come monday the weed market was gapping down big. I immediately tried shorting more at the open but I couldnt get anything filled. The panic down was a little more choppy this time around but still solid single.
I thought I would completely missed this play because is gapped down 20% in pre market. Before the open this stock crawled all the way back to only down 4%. I knew I wanted to short right at the open. I got filled right away and stock panicked right at the open. I really underestimated the downside and had much smaller size then I wanted but still took a solid gain.
This stock was also getting crushed among the weed sector. Into the close this stock was failing to bounce and wanted to go lower. I felt I was chasing so I took a smaller short position overnight. The next morning I tried adding but couldnt get filled as the morning panic set in. I covered for a nice single.
I took this hemp runner long on the breakout of .045. I was right initially but the breakout soon failed. I took a little off into strength but had to sell most at breakeven. With IB's commision structure they charged a lot of money to trade this stock so I ended up with a loss. Can't trade these low priced stocks with IB.
I shorted this OTC runner as it was going red on the day. There was a quick panic but I didn’t cover any. Soon this bounce much sooner in the day then expected so I knew this wasn’t acting like I had planned. It held red on the day so I held for the next pullback. Once this dipped again I covered for a scratch profit and headed to school.
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