CIE - end of a kiss of death chart showed signs of a ramp up. Planned a multi-day hold. Traded 14M shares on the day in a 302M float ... bought into strength (rising price/vol) and then it slowly moved down. Had a chance to take .04 @ share profit, but sat there and watched it evaporate with a wall of action on both bid/ask. Very manipulated price action.
GALT - 4/10 - not taking profits again...same lesson1 & 2 as AUPH 4/7.
AUPH - 4/7 - held too long and din't take profits when I could. I may not have learned that lesson yet.
Lesson 1: taking small profits is better than letting them turn into losses. Take the profits for goodness sake!
Lesson 2: holding for that next pop/spike when there is a wall of sellers and trailing vol...trade on the data. Mike G ... "hope is not a trading strategy." Tim ... "when it no longer behaves like you expect...get out" I'm sure Tim G has a similar quote. * note to self, watch more Tim G video lessons
@Lizzy8636 Just started my journey late Feb. I've watched a few of your videos and I can definitely relate. Good luck on your trades this week.
SCON - Gap'd up on an upgrade w/revised estimate of 3. Got in at 1.72 after hod of 1.98. Expected to ride it back to 2 for a b/o or sell if it got stuffed. It got to 1.89 on the first recovery and that was my best out.After that it was lower highs/lower lows. I struggled to get out at 1.73 mid day with falling price/vol.
Lesson 1: Don't believe everything you read. This stock was upgraded by Rodman & Renshaw ... endearing referred to in chat as "rodman & renscam." I did a quick search and they were fined by FINRA in 2012 for less than savory promotion activities.
This was the best morning play...unfortunately it had nothing after the first spike.
CALI - I was out of PLUG at this point and was watching CALI closely. Unfortunately the price in the afternoon broke high/low trends.
NVCN - The trade that wasn't. After PLUG I was also watching NVCN. It was flat at 1.74 into power hour, but never could break past hod. It was close, but it wasn't performing well enough to earn my money.
Finished New rules and fundamentals part dues last weekend. Now working on Pennystocking Framework and Tim Tactics.
@dux Thanks for the webinar today, and congrats for all your success. May all your shorts fall swiftly ... lol.
Lesson 1: my position was too big for this play. I'd been able to stand the price drift with a smaller position.
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