Entry comments: bought 100 @ $1.19. Trading small to try new ideas
Exit comments: Sold 100 @ $1.33
This was my first dip and rip pattern trade and it was well executed. Bought this stock after it spiked during premarket, dipped at the market open (after setting a HOD), then spiked back up to the HOD level. Stuck to my risk and gave this trade some time to work, and it started to spike up to the $1.30s. Had all of the criteria for a box checker DNR; big percent gainer, first day gapper, low float, 10x float rotation, and has a news catalyst. Got out with a nice single. Great trade overall.
Same stock, bought again as it broke new high of day. As before, pulldown from the peak was just as fast. Still made a small profit.
Bought stock as it pulled back to early morning high of day. Once it peaked, reversal was quick.
Back in market after approx 60 days of study and paper trade. Market momentum in niche was weak. Most tickers hit resistance within minutes of market open. Clear signal to not trade until 0945+ time frame. VRME had >1M vol spike and momentum. I got out early at first resistance, other stuff to do. Clear staying in was good per the chart holding support then breaking out as more buyers entered.
Paper Trading - Oracle Recommendation - bought 245 shares 1.28, sold at 1.26 triggered by stop loss , overall loss 1.56%
Dip buy on top percent gainer - Sold safely as it was struggling to get new highs. As I write it hit $1.40, but in this market is better to be safe. Just trying to follow my plan and create discipline.
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.
