JV-acct. Mon-Tues swing. PH High Break Play. No News. Finish green at market close but was a little sketchy. Got out pretty quickly after the market open. Ended up dipping but rebounding and hitting .155 the day after. On the right track. Good trade.
Entry: Entered as $EMPM spiked with volume above its highs. My goal is to get 6 cents and exit if possible. Exit: $EMPM spiked with volume and went to 0.07 cents. B/c of that spike, I took my gains immediately, I decided not to risk overnight based off my emotions even though this stock finished strong yesterday and appears to be gaping up this morning.
Bought this multiday breakout on a FGD. When the stock showed an increase in volume in the afternoon I took a position and shortly thereafter the stock bounced 20+% Stuck to my thesis on these types of plays and very happy on this trade. Perfect play for a small account.
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