Wrightmalcolm505Dec 08, 16 9:23 AM
I dip bought at 1.91 but I'm still long because of the pattern day trader rule! We will see where it goes!
$1,513 Profit
NVCNLong Stock
Entry comments: I tried a little dip buy since it just barely broke support from yesterday and it was choppy, goal is to make 20-40 cents/share on the bounce, nothing huge, but good risk/reward down here since its down nearly 50% off its multi-day highs, #5 pattern from my PennyStocking Framework DVD
Exit comments: VERY nice little bounce here, maybe it goes more, but aim small miss small so I'll take my $1,500 profit, VERY nice, nothing huge, but good risk/reward, congrats to all dip buyers
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Broker:Interactive Brokers
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Position Updates
- Dec 08, 16 8:32 AM: Bought 3600 at 1.92 - I tried a little dip buy since it just barely broke support from yesterday and it was choppy, goal is to make 20-40 cents/share on the bounce, nothing huge, but good risk/reward down here since its down nearly 50% off its multi-day highs, #5 pattern from my PennyStocking Framework DVD
- Dec 08, 16 9:00 AM: Added 4400 at 1.89 - Looks to have found support at 1.90ish, I wanted it to actually go lower since I think bounce can only go back to the 2.10 area, but I'll add to my position since it's showing support here...nothing huge, but I think many people expecting big drop will be surprised...I could be wrong, but I see big buyers here. Still a small bet for me
- Dec 08, 16 9:18 AM: Sold 8000 at 2.06 - VERY nice little bounce here, maybe it goes more, but aim small miss small so I'll take my $1,500 profit, VERY nice, nothing huge, but good risk/reward, congrats to all dip buyers
| Date | Price | |
|---|---|---|
| Entry | 12/8/2016 | 1.9035 |
| Exit | 12/8/2016 | 2.06 |
- Total Views2,114
- Position Size10,000
- Percentage8.22%
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RuvimabarasDec 08, 16 9:32 AM
Yeyyyy!!!
redcandlesDec 11, 16 1:40 AM
Alright Tim, so how do you know whether to play this as a first down day morning panic or to play it as a bounce play?
FXTRADEDec 12, 16 2:15 PM
The support was at 1.86ish but I didn't get filled in at the trade but I didn't chase were as it wasn't really worth chasing since this company would bring up some bad news, and i really do't like going to aggressive on OTC plays like this after their big run up.
