FESTOAug 31, 16 9:14 AM
I sold at $9.70 yesterday a few minutes before the market closed. I got in at $9.52 with 1000 shares. I've never really had much up side over night. Thank you for the alert Tim.
$212 Profit
KPTILong Stock
Entry comments: I bought this spiker today on a big dip off its highs, multi-month resistance is at 10 which likely gets tested/taken out tomorrow, I'm buying on a solid dip off the day highs, thats my goal, to make 50-75 cents/share as it and when it does break 10 it'll likely spike too fast to grab a position later on, will explain more in video lesson tonight
Exit comments: I'm out for a disappointing small profit, SKLN was the better overnight hold to sell into a gap up today...the only thing that saved me on this trade was waking up early to dip buy at multi-day support at 9ish, good reminder to take small initial position on speculative trades to allow yourself the freedom to add if and when a stock comes down to true support and holds it like KPTI did this morning. Potential re-buy for me, but only on dips, I won't chase such a high priced play
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Position Updates
- Aug 30, 16 3:44 PM: Bought 1000 at 9.49 - I bought this spiker today on a big dip off its highs, multi-month resistance is at 10 which likely gets tested/taken out tomorrow, I'm buying on a solid dip off the day highs, thats my goal, to make 50-75 cents/share as it and when it does break 10 it'll likely spike too fast to grab a position later on, will explain more in video lesson tonight
- Aug 31, 16 8:24 AM: Added 1000 at 9.01 - I added to my position on low volume premarket dip, probably just some panic selling due to lack of overnight gap up, risky, but we'll see...glad I entered with such a small position though that allows me to average down...if this drop occurred during normal market hours I'd cut my losses, but on volume of 10k, this seems like an opportunity to me...we'll see if I'm right at the market open
- Aug 31, 16 9:30 AM: Sold 2000 at 9.34 - I'm out for a disappointing small profit, SKLN was the better overnight hold to sell into a gap up today...the only thing that saved me on this trade was waking up early to dip buy at multi-day support at 9ish, good reminder to take small initial position on speculative trades to allow yourself the freedom to add if and when a stock comes down to true support and holds it like KPTI did this morning. Potential re-buy for me, but only on dips, I won't chase such a high priced play
| Date | Price | |
|---|---|---|
| Entry | 8/30/2016 | 9.25 |
| Exit | 8/31/2016 | 9.36 |
- Total Views1,170
- Position Size2,000
- Percentage1.19%
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Mario792Aug 31, 16 9:38 AM
Check out long on sino
URAJackAssAug 31, 16 10:13 AM
@unolegend@ same here. I don't know how he risks 60% of his account, and is still trading. I've lost most times I've tried his plays, and holding after hours and over weekends is gambling. I've lost 90% of my account following chatrooms. They all claim to get in and out at the best points, and never ever show big losses. Ive seen stocks drop $1 in a blink. Theres no way any trader can prevent an occasional big loss on a trade. I call BS on all of them.
timothysykesAug 31, 16 10:17 AM
@URAJackAss o dint use 60% of my account, I use roughly 10-20% and I can be wrong on ANY play, all you can do is cut losses quickly...I understand when you lose you're bitter, but that doesn't make lying acceptable
timothysykesAug 31, 16 10:18 AM
@unolegend NEVER follow me or any other trader, how many times do I have to repeat myself before you begin playing by the rules? It's in every friggin watclist and video lesson too
timothysykesAug 31, 16 10:19 AM
@FESTO good job
0SethMcClain89Aug 31, 16 10:32 AM
@unolegend your not supposed to follow alerts! This whole chatroom and video lesson library is there for you to get an education. Quit being lazy anf exoecting someone to do the work for you. But if your here to mindlessly follow alerts and expect to make money being a lazy whiney no nothing. Then you should cancel your subscription and just stick to you 9 to 5.
FL2Sep 09, 16 4:36 PM
What was the news on KPTI?
