This one showed up on my scanner. Its rocking a High and is volatile. I'm new to this so I'm only posting for feedback. If it was me this would be on my watch list, I'm not interested in trading yet at this level.
Any experienced traders that wish to comment on this one? Give me an opportunity to read your critique and learn.
Thank You,
Korey Ferguson
Posted Dec 02, 15 12:26 AMby49thStateTrader
Categories
Price Action: Breakouts
Tickers
$SCTY
Welcome! I wouldn't consider my self experienced but Im always interested in bouncing ideas off of other traders. How long are you looking to play this one? Could be a good one for day trading options but looks like more bearishness with a dead cat bounce on the weekly chart
Once I looked at the weekly and 200 day chart I got a little scared away. I may end up paper trading it. I've watched about 300 of Tim's videos on YouTube so I was trying to compare to some of the things I have learned. I do not have a margin account yet. If I did I was thinking day trade by shorting when it peaked.
If you plan on holding SCTY, would buy 1/4 of my postion now.
ya, it looks like it can increase a little higher for tomorrow since i read the press just to open another operation which is a good sign
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