Had I been more patient with this, I could have come out ahead, but it's a scary one. No volume, the spread is wider than the Grand Canyon. When it moves, it moves in huge percentages. So as I saw it start to break above resistance, I played it safe. I was a little patient though, as my loss was much bigger before, but I waited for it to come down a bit. I thought I saw this stock showing signs of cracking, but it looks more to be consolidating. No play for now.
Now we're talking! This is a trade I actually planned out the night before. I literally dreamed about it. Even though the % profit isn't that great, I'm mostly proud that I got in on the second red candle of the day, and nearly called the bottom. I watched the super slow and boring price action all day. I gave myself a $22.50 stop out, in case the trade went against me, but it never got that close after the open. The only thing I didn't like about this was that I was shorting a 52-week high.
Now we're talking. Here's a trade I loved from the start. Kind of a momentum trade, but the volume was minuscule, and the trend was almost constant. All down. I jumped in with a short, wondering if TDA even had shares to borrow and they did! Once I saw it start to reverse, I covered, and got pretty close to the bottom. This one has stayed on my list for future plays.
Entry comments: Stock has a history of large jumps on earnings, they report tomorrow AM, still waiting for my account transfer from Robinhood so scaling in small on plays I believe in. SCWX is a Dell subsidiary and Dell is almost at pre coronavirus prices and recently had a big earnings beat. Expecting a 15%+ move in the AM.
Exit comments: Was up 25 percent at open was expecting it to bounce more but it started selling off quickly. Meh
nh1031 will it work? Or is it a fakeout?; 3:50 close all positions because I am going away for a while. Time for Jesus! It is a good way to end the week. I still need to be careful. I have to recover all the losses.
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