wannabestocktrader
wannabestocktrader Jun 29, 12:03 AM

You *have* to watch pre-market and take the action into account, especially volume, but you can't only use pre-market to base your trading decisions on. Each ticker has its own identity, so you need to spend more time watching more stocks longer before just using a strategy trading based on pre-market action. It's good to paper trade your idea, but spend more time testing it out for sure.

mannieb
mannieb Jun 29, 8:05 AM

I love pre market activity... it gives you a sense of how the stock MGHT perform at open and it includes number unero "VOLUME." People are already interested in the stock. Secondly, maybe it is my translation of what you wrote but BEWARE buying above VWAP, it can be very dangerous!!! Remember the phrase "BUY LOW, SELL HIGH." I also like your approach to trading and how you are sticking to only one general set up. It's a great idea.

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Fox_Trader
Fox_Trader Jun 30, 5:18 AM

$NEPT Was a little play I was looking at the other day but decided not to go with it. I was watching it late afternoon on 18th right as it was comming out of its wedge , 3:35 would have been my entry. But would not have held it for more than a day. I'm not any good at a stair step pattern. Yes this is a play , I stay away from tickers that are 1-4 a share . Everyone's diffrent..

Fox_Trader
Fox_Trader Jun 30, 5:35 AM

3.70 is a good entry if your plan was to hold for a day or two.. I'm sure I was still watching it

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wannabestocktrader
1
wannabestocktrader Jun 05, 8:27 AM

Yea, I don't know about all the emotional writing you did about why it'll be a good trade, but from a Sykes chart pattern: "$ATHX is worth a watch because it's a clean multi-year breakout. Easy risk down to $2.65 with potential resistance around $2.90, but then it has room to go since long term resistance dates back to 2015, and most of those people have probably sold when the stock dropped under $2 for a while"

happykid
happykid Jun 05, 10:07 PM

Well, it looks like I may have been a day early on my idea here. ATHX announced an extension to figure out a deal with Healios until the 6th of June. There was a small dip buying opportunity this morning at the open, but that was about it for today. Not the big move I was expecting. Maybe tomorrow will show something different.

happykid
happykid Jun 05, 10:07 PM

Also, apparently what I wrote made at least two people think I either "love" this stock or did a lot of "emotional" writing. Yeah, I think I was excited at an opportunity, but what did I say to imply I was gushing with emotion for this stock exactly? And @wannabestocktrader, thank you for posting some more "technical" aspects of what makes this a good trade. I appreciate having other peoples legitimate perspectives posted here.

wannabestocktrader
wannabestocktrader Jun 07, 7:10 AM

News today, so looks like you'll have a good chance to lock in solid profits. :)

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