$37 Profit
MRMDLong Stock
Entry comments: Bought this weed OTC after the sector has been finding some strength. Bit of a lower volume stock but has a good breakout over $.57 that I bought on a dip after hitting $.598. Risk is $.02 and goal is $.07-$.10.
Exit comments: Nice gap up next morning. Tried selling in the high $.60s but executions were tough and couldn't. Fees took a bit of the profits but well played, just need to improve on executions for OTC.
| Date | Price | |
|---|---|---|
| Entry | 1/5/2021 | 0.5755 |
| Exit | 1/7/2021 | 0.645 |
- Total Views79
- Position Size750
- Percentage12.08%
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Strong price action into the afternoon. $0.57 was the previous high on the daily and is breaking out today. Multiple attempts at making new highs but hasn't been able to hold above. Pulled back into the close but held the key $0.57 level and spiked right back to $0.60. Looking to get a nice gap up and continuation as weed sector picks up. Last time this broke out past $0.28 it ran another 50%+.