humblegainsFeb 07, 17 12:07 PM
Thanks for sharing your knowledge.
-$460 Loss
PRCPLong Stock
Entry comments: I dip bought this new earnings winner 50+ cents/share off its morning spike highs with intraday support at 7.20 as it's a solid multi-month breakout above 7, this ran nicely a few years back too, all I want is that 50 cent/share bounce back to near its highs, dip buy only, not to chase since it's a slow mover, but risk/reward is solid on this and the breakout is too nice to ignore, see my video last night on earnings winners breakouts. I'd wait closer to the market close if it wasn't 2am for me
Exit comments: Exited in multiple small blocks for a small overall loss, it might bounce in the coming days like PXLW has now done, but it's just so illiquid and I'm not in the proper place to watch this slow mover all day/night, small losses are fine, I locked in my PXLW longer-term position today for roughly $2k in profits, this one is just a small acceptable loss
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Position Updates
- Feb 07, 17 12:05 PM: Bought 5500 at 7.26 - I dip bought this new earnings winner 50+ cents/share off its morning spike highs with intraday support at 7.20 as it's a solid multi-month breakout above 7, this ran nicely a few years back too, all I want is that 50 cent/share bounce back to near its highs, dip buy only, not to chase since it's a slow mover, but risk/reward is solid on this and the breakout is too nice to ignore, see my video last night on earnings winners breakouts. I'd wait closer to the market close if it wasn't 2am for me
- Feb 07, 17 1:03 PM: Sold 3500 at 7.22 - Not bouncing so I reduced my position as I don't want a repeat of OSTK, just holding and hoping, but like PXLW this will likely bounce at some point so I still want to be in position to profit from it, the real multi-month breakout is at 7 so I'd love to dip buy more down there, but its 3am here in Asia for me so I need to pass out for a bit, Asia trading is funnnnnn (not)
- Feb 08, 17 9:33 AM: Sold 2000 at 7.10 - Exited in multiple small blocks for a small overall loss, it might bounce in the coming days like PXLW has now done, but it's just so illiquid and I'm not in the proper place to watch this slow mover all day/night, small losses are fine, I locked in my PXLW longer-term position today for roughly $2k in profits, this one is just a small acceptable loss
Related Posts
| Date | Price | |
|---|---|---|
| Entry | 2/7/2017 | 7.26 |
| Exit | 2/8/2017 | 7.1764 |
- Total Views1,310
- Position Size5,500
- Percentage-1.15%
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HIMMENYFeb 07, 17 12:46 PM
Nice!
AL1Feb 07, 17 1:05 PM
Thanks
mikeM17Feb 07, 17 1:06 PM
Tnx tim!
jt55athome444344Feb 07, 17 1:23 PM
Do you ever friggin sleep? Lol
sgtjjdusmcFeb 07, 17 1:39 PM
At least you stayed awake this time!
Darryl2017studentFeb 07, 17 6:03 PM
today i listen to disc 7 how to make millions while i was trading. it help me to stay focus . special if my stocks were not behaving . tomorrow lesson. cut losses. thanks PROFESSOR SYKES PROFIT $ACUR $104 $PIP $46
iCloudFeb 08, 17 2:13 PM
Thanks for the knowledge, after studying your DVDs and watching videos for 2 months I made my first paper trade on PRCP yesterday. The morning spike didn't come so I exited at $7.18. Baby steps! Paper trading really helped put all that learning to actual use.
