timothysykes

Entry comments: Small speculative dip buy here in my large IB account here, sympathy play to GLBS as I said in chat earlier today, looks to have solid support at 3.05-3.10 and likes to morning spike, 3 big spikes the past 3 days, likely another one tomorrow or at least people expecting it so it should be strong into the close today, day high is 3.40 so I'd love to sell around there, not sure it has enough juice to break that level, it depends on how GLBS does the rest of the day too, don't chase, dip buy only

Exit comments: GLBS now fading bigtime and entire sector seems to be following suit, forget about day high at 3.40ish, DCIX seems to have wall of sellers around 3.30ish and I'm not comfortable here midrange with a big speculative position, aim small, miss small, I'm exiting safely with small profits, only potential re-buy on a big dip near bottom of the range or a breakout above 3.40

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Position Updates

  • Jan 18, 17 12:06 PM: Bought 6500 at 3.13 - Small speculative dip buy here in my large IB account here, sympathy play to GLBS as I said in chat earlier today, looks to have solid support at 3.05-3.10 and likes to morning spike, 3 big spikes the past 3 days, likely another one tomorrow or at least people expecting it so it should be strong into the close today, day high is 3.40 so I'd love to sell around there, not sure it has enough juice to break that level, it depends on how GLBS does the rest of the day too, don't chase, dip buy only
  • Jan 18, 17 1:08 PM: Added 6500 at 3.28 - Big GLBS spike just now bodes well for afternoon spiking, my little sympathy play here included, goal is now to sell near day high of 3.40 or it might even breakout now if GLBS keeps going, very speculative sector though so be careful
  • Jan 18, 17 1:43 PM: Sold 13000 at 3.28 - GLBS now fading bigtime and entire sector seems to be following suit, forget about day high at 3.40ish, DCIX seems to have wall of sellers around 3.30ish and I'm not comfortable here midrange with a big speculative position, aim small, miss small, I'm exiting safely with small profits, only potential re-buy on a big dip near bottom of the range or a breakout above 3.40
DatePrice
Entry1/18/20173.205
Exit1/18/20173.28
  • Total Views1,371
  • Position Size13,000
  • Percentage2.34%
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patrickg
patrickgJan 18, 17 1:10 PM

Nice I will watch it. Thank you!

patrickg
patrickgJan 18, 17 1:52 PM

I Can See Clearly why you are exiting and I totally get what you are talking about thank you for posting great learning experience now I see why you tell students to not completely buy into your alerts but to use them for learning purposes. I'm getting a feel for how quickly the market changes I love this stuff

patrickg
patrickgJan 18, 17 1:53 PM

Sorry for the huge run on sentences LOL I'm on the go and using voice text

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