took another small loss in pre market on SPRC
Top % gainer. Statement of acquisition was filed AH 12/4. Stock went from 1.80 to 2.20. Kept going PM 12/5 up to 2.64. I saw it come down and got in at 2. Volume was fading, but I saw 1.80 as a key level so I averaged down at 1.80. Kept fading. Cut losses quickly.
trading time out i go. it just keeps on going down. 2.11 as I write this. im sure it will be bounce but when. I think my risk is too tight. Ive lost 3 times on this today. just trying to catch a falling knife. its cracked 2.10 but good clq, however why would I get into this trade thinking it will bounce. Justbgambling
a little bummed.. not surprised. I got in on this one as it was the 3rd drop after TS got in and bought more. This one was a SHORT on all my charts and all those signals said to stay out.. I didn't. The only signal that I saw that was positive was the MACD was about to turn green. It did for a small period when it came back.. I also had a stop loss @2.25 which I didn't follow because I got another encouragement from TS. LOL. I got out after he did as it hasn't gone well for me when I haven't
tried it again and got stopped out. need to go back to the books. these small red plays add up and I followed sykes alert. from now on, no more. Im down overall above $200 and it sucks. But I got to realise this is my learning curve. lol.
Entry comments: Dip buying this big runner into a nice crack off the highs of the 2.60s, shorts I think are getting too aggressive too early, I think it can bounce back to the 2.50s or 2.60s or ideally 2.70s premarket, cut losses if no bounce but good action so far on this former runner
Exit comments: I'm out for small losses, I thought shorts were being too aggressive, perhaps it was me and the longs who were too aggressive, good lesson to stay humble and safe...small losses are fine, remember http://tim.ly/clq always
WAS HAPPY WITH ENRTY - ENGULFING CANDLE OFF SUPPORT. BUT WASNT DOING WHAT I WANTED IT TO DO, SO EXITED TRADE WITH SMALL LOSS. STOCK BROKE MY SAFETY LINE AND QUICKLY AFTER AND PUSHED THROUGH SUPPORT LEVELS. HAPPY WITH MY EXIT AND SMALL LOSS.
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