I got in this trade because it is a former runner and was the OTC #1 Biggest % Gainer with volume yesterday. Dip bought 8:57 $0.0113 the 22% dip off 8:35 $0.0145 HOD. Volume became illiquid but hit $0.0134 at 9:23 where I FAILED TO SHOOT A ~15% WINNER ARGH! Got out at the close on the Bid so I wouldn't hold over the weekend 14:59 $0.0114.
Tried it a second time same type of action half hour later. Missed a sell at HOD then it dropped hard so I sold. If I waited 2 to 3 minutes I would have been profitable and then 5-10 minutes later it set new highs on the day reaching .016 at one point in the day. Right idea poor execution.
Saw this moving on sketchy action so I just took a small position and made a nice gain. I probably should have been bigger.
Entry comments: Alert
Exit comments: CUT LOSSES QUICKLY!!!!
I got in this trade because it was a former runner with news. Dip bought 3/23 8:45 $0.0172 4.9k shares the 20% crack off HOD 8:35 $0.0215. Price kept falling so dip bought 3/24 8:32 $0.0121 4.9k for 9.8k shares total at $0.01465 avg. Price attempted to bounce April 4-8 but was range bound $0.013-$0.0159 and illiquid so I just put my small size inside the spread and Fidelity got me out 4/8 12:18 2.4k and 12:50 7.4k both at $0.0153.
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