
Entry comments: My first successful trade on a pump and dump! Went to place a GTC order for 500 shares (no sts) on the second big up day. Starter position, looking to add at higher prices. Little did I know it would actually get chance filled an hour after sending in the order, and I never would have thought that the pump would start crashing and hour and a half after my entry! The crash was spectacular: from 2.50s to 1.50s in about 30min, with bounces along the way.
Exit comments: It went red just slightly, retracing 80+ cents gains, but shot back, closing green. The next two days, promoters got back to pumping as it consolidated and spiked. Never got to test highs though, and did a few fake panics & spikes. I was lucky to get another 1000 short into strength around this time. 1st red day soon followed, and I patiently held on. Broke support after support and finally came to the triple bottom, where I covered @1.55. (Got bought in on 500 morning of 3rd red day @1.88)
| Date | Price | |
|---|---|---|
| Entry | 6/9/2015 | 2.33 |
| Exit | 6/16/2015 | 1.66 |
- Total Views293
- Position Size1,500
- Percentage28.76%
