I grew my experience account today, was able to be in the market all day. I liked the way TNXP was setting up with volume and news. I took a $1000 position at 2.31 with a risk of 2.21. The price action was up and down from 2.22 to 3.38. I moved my risk up to 2.32 because I did not want to take a big loss, it finally did drop like a sharp knife and I am so glad I had a stop limit order in place that got hit and filled, the stock fell hard all day after that and made me feel good about getting out. Often times I get out and the stock rips with out me! I enjoyed Mark Crook webinar for the last hour of trading! He is a really great guy with lots of good trading advise! He uses STT to scan and etrade for charts and trading. Remember to NOT chase! Buy at key support levels! He went over the plan for OTLK and might go long if it can hold $2 tomorrow. MAXR has a contract win and closed strong but he did not want to overnight it, he said if it consolidates around 8.40's it would be a good entry with volume.
There was huge volume on NVCN by the end of the day 61 million on a 8.00 stock is impressive. I was frustrated this morning because Crook was playing it and it was not on my STT scanner! I adjusted the volume filter and it showed up. I thought my scanner was broke. It has been giving me problems lately but I will be patient.
I will not be able to be in the market tomorrow, we are going boating in Homer so I will take Rolland Wolf with me and study his Trading Guide. I LOVE it!! He did such a great job putting it all together.
Have a great Memorial day weekend and lets remember those who have given ALL that we migh have the freedom to enjoy our time with family and friends!
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