PUDGY PENGUINS' SPIKER Got in price action very fast got out for $1.63 profit 100 shares Quick trade
Took a single, very small size, sold too soon, but at a key level on the chart, should have been more aggressive, was my only mistake. But I waited for the stock to finish dipping, bought it at a good low level below the break out zone knowing it could go up and if not my risk was under control
Entry comments: Partial fill ont his afterhours spiker, news with Pudgy Penguins https://tinyurl.com/7wd8ehep a very popular NFT, low float, lets see how far it goes, goal is to make 10-20%, could be fast, small positions only
Exit comments: Whewwwwww, what a rocketship, love these crpyto news spikers, now 21 as I type so maybe I played too aafe, but I'll lock in my single here as this is my best trade of the day, thanks http://tim.ly/breaking3 great alert, shout out to Matt Monaco for his Pudgy Penguins buys years ago so I actually know this NFT maker, big loyal following gave me the confidence to buy, congrats to all those who were prepared
Did well adjusting size from 10 to 5 dollar risk. Bought 10 shares at 12.4 when STSS was dipping at open after first gap up in the past 2 days so figured trend changed. Did well being patient holding VWAP. Tried to sell partial at 13.45 but wide spread made it hard to execute so missed. Normally would of cut something once STSS fell below VWAP and bounced and failed to recover over VWAP. But was watching 5min charts to give stock more time and when STSS dropped near entry cut trade.
Lots of dumb to unpack here. I used a 3 hour old Master Trade alert and got in well after the signal on a nice pull back. After that I got dumber; I did not follow my rules for exiting a down trending &/or down volume trade AND I did not use my stop. Very fortunate for me this stock had lots of good news flowing and it came back around for me to sell it for a nice profit. I am still dumb for breaking my rules.
Nice breakout chart, risking high 14s, looking for squeeze to 20ish. went through my stop, didn't hold well up here, risk a little bigger than I should have.
Afternoon buy on this mdbo holding VWAP and broke downtrend line. Got a push and then it endedu p cracking down and breaking risk so cut.
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