played the mdb - but it was only a fakeout and then it got ugly. IB crashed and I couldn't get out quickly and had to sell it when it was falling. I waited for a little bounce but there was no bigger bounce. b/o doesn't work the last weeks
Entry comments: dip bought this otc first green day big % gainer with big volume. otcs are running lately. goal is to overnight hold and sell into a gap up morning spike for a multi-month breakout on tuesday, and risk is to sell if it breaks down the 0.015 whole number level. this has become my favorite overnight hold pattern where i buy the stock closing at it highs and near multi-day,week,month, or year resistance level for potential breakout.
Exit comments: sold to break even because is liquidity, but after selling they were some prints going out at 18 which ive could of get out there. i will try to trade more liquid stocks.
AGAIN TRIED CHASING. HAVE LOST EVERYTIME I TRIED CHASING.
I put in an order for 30k shares but only got a third filled which is unlucky but also a lesson to not hesitate a bit too much. This was on watch as it had a strong catalyst from 2 days ago that makes stocks run. It spiked in the morning which is where I decided to play the momo and got out for a quick profit.
need to cut down on buying small positions, fees will eat me up
chiang custodianship, will add again for another move
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