timothysykes

Entry comments: First green day after 2 red days, looks like sellers are worn out, I was actually looking at shorting this multi-week runner the other day, but big bidders held it up in the .70 range, now big Level 2 support is .75 and it looks to testing multi-day highs at .80ish, this has proven it can run so my goal is to sell for 15-30% profits ideally tomorrow, I wish this would've broken out closer to the market close, but can't miss this clear afternoon uptrend, retest of .90 highs seems likely

Exit comments: Wall of sellers still at .90ish and now .88ish too so best to play safe, only potential dip buy now that big morning spike has been ruled out, gotta focus on other plays too, PULM, MYOS damnit they move so quick!

10
650

Position Updates

  • Jan 26, 17 2:01 PM: Bought 40000 at 0.80 - First green day after 2 red days, looks like sellers are worn out, I was actually looking at shorting this multi-week runner the other day, but big bidders held it up in the .70 range, now big Level 2 support is .75 and it looks to testing multi-day highs at .80ish, this has proven it can run so my goal is to sell for 15-30% profits ideally tomorrow, I wish this would've broken out closer to the market close, but can't miss this clear afternoon uptrend, retest of .90 highs seems likely
  • Jan 26, 17 2:49 PM: Sold 18500 at 0.88 - The price action is nice, but I'm having execution problems on this stock now so can't risk full position size overnight, gotta call IB and see what's up, holding the rest overnight even though its already near my goals
  • Jan 27, 17 8:32 AM: Sold 21500 at 0.865 - Wall of sellers still at .90ish and now .88ish too so best to play safe, only potential dip buy now that big morning spike has been ruled out, gotta focus on other plays too, PULM, MYOS damnit they move so quick!
DatePrice
Entry1/26/20170.80
Exit1/27/20170.8719
  • Total Views2,362
  • Position Size40,000
  • Percentage8.99%
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humblegains
humblegainsJan 26, 17 2:04 PM

Thank you so much for sharing your knowledge!

VishwasDipti
VishwasDiptiJan 26, 17 2:07 PM

Do you plan to sell short or long?

VishwasDipti
VishwasDiptiJan 26, 17 2:07 PM

I am new to trading so this will help me understand!

ARLO50
ARLO50Jan 26, 17 2:14 PM

Ty Tim.

humblegains
humblegainsJan 26, 17 2:54 PM

Show you right! Thank you Sir for sharing your knowledge.

aidan222sharpe
aidan222sharpeJan 26, 17 2:57 PM

How did you find this one? Through a STT scan or screener?

ticblaster
ticblasterJan 28, 17 6:04 AM

"TRADE SCARED" KEY used here?

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