I saw this yesterday with a news catalyst but didn't really move. Today it went to cross the key level of .20 with strength so I took a small shot. I wish I had taken more shares and I also wish I didn't sell when it was just sitting there because I was bored with it. It ended up closing at .24. Still happy I took the trade and made some cash.

I got in this trade because it had spiked to the OTC biggest % gainer and was in the hot oil sector. Dip bought 3/8 11:02 $0.21 400 shares the 17% dip off HOD 10:21 $0.255 using a pre-set Limit Buy. It became illiquid and went sideways/down. Dip bought 3/9 9:23 $0.17 400 for 800 shares total at $0.19 avg. It was still illiquid and the spread was $0.17-$0.21 so I immediately put on the Ask and Fidelity got me out 10:34 $0.21.

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Absolutely ridiculous... This had news for the first time since March and I thought for sure this would at least spike a little bit but it this market hell no. I was reading level two and I really wasn't going to enter but then David said he bought in so I chased and cut immediately and got burned as it gapped down 20%. Really depressing trade... I cannot afford to keep doing this.

manual upload

"30% TARGET - STOCK DIDN'T BOUNCE 3/16. HELD OVERNIGHT 3/17 - UPDATE: STOCK FELL BELOW EXIT POINT DUE TO WORK. MADE PARITAL COME BACK CLOSED AT $0.13, DOWN ($0.04) FIGURE NOTHING TO LOSE POSISTION IS FAIRLY SMALL. SEE WHAT HAPPENS TOMORROW. BAD PLAY. DESERVE TO LOSE. "

30% GAIN: 1) HAD PLAN 2) LIMIT BUY 3) SET TARGET @ 20% 4) LOSS EXIT POINT 5) BUY ON NEWS

CHASED- 1) DID NOT PLAN MOVE 2) NEWBIEW MISTAKE:3) GO OUT QUICK.

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