PGNX overnight play to get some action. I decided not to take the risk when market opens. Only trading OTCS strictly from now on. I was too eager, too naïve. NASDAQ stocks are very dangerous to trade premarket and aftermarket because anything can happen and there is nothing you can do about it. Even if the market gaps up I thought it best to take a 1% loss and live to trade another day then potentially take a 2%+ loss or worse. Even if the market gaps up then that is okay. I found a better way.
Shorted the morning spike here on a stock that was downtrending pre market.
Had good news this morning. Played this one fast in and out for a small gain
Positive news on drug trial, good volume into the open, waited for initial shake out and tried for the dip. No real bounce, though, so sold for a scratch.
Entry Comments: Bought this first green day spiker. Exit Comments: Unfortunately chased and didn't stick to rule #1 - cut loses quickly.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
