$ESES long 1.52 (1000 shares)
$ESES out 1.67 (1000 shares)
Perfectly executed trade. These are the small but predictable trades that I know im good. Right when i sold it spiked another 30 cents.. crazy! It broke 1.50 support and went down to 1.45 but broke 1.50 again with volume which gave me the confidence to pull the trigger. I was only looking for a bounce as I didn't think it could squeeze to 2.. Although I missed out another 30 cents.. I executed my thesis perfectly. I would've cut losses if it couldn't hold 1.50. Perfect perfect trade which just shows me I have the knowledge!
$ESES long 1.79 (1000 shares)
$ESES out 1.87 (1000 shares)
Dip-bought the first dip after hitting 1.93 as 1.78 was the morning high from open. It did bounce to 1.95 but quickly dropped as the double-topped scared me enough to sell.
$ESES long 1.81 (1000 shares)
$ESES out 1.79 (1000 shares)
OKAY this was a stupid stupid trade and there is much to learn. After double-topping at 1.95 it dipped to 1.75 and quickly sprung back up. In hind-sight I could've gotten a better execution at 1.78 but I got too excited. It spiked quickly to 2. IT SPIKED VERY QUICKLY TO 2. What happens when a stock spikes so quickly after double-bottoming. It usually dips and there were heavy sellers around 1.95-2.05. I should've immediately taken those profits and potentially re-buy if yesterday's high of 2.05 were to break but I waited, i got greedy. This could've been a solid trade and to be honest my head just wasn't in it and i got too excited. Good lesson to always take 10% profits when they spike so quickly! It never did break 2 and it quickly dropped as I had to cut losses. Don't get greedy and continue to take profits to grow small account.
$RGSE long 4.08 (400 shares)
$RGSE out 4.32 (400 shares)
Opened at 3.77 and spiked to a high of 5.85 all within the first 7 minutes of market open! It faded within 30 minutes to a low of 4.05 which is yesterday's exact HOD. I saw this opportunity and knew a bounce was inevitable if this key level were to hold which gave me the confidence to execute. I knew there was heavy resistance around the 4.45-4.50 level as I was looking at level 2 (chart as well) so i took the small but predictable bounce. Great great trade.. spread is crazy too! ...........Turns out 4.39 was the top for the bounce i was in for. It dipped to 4.10 and consolidated bouncing to a high of 5.40 by PH... crazy!
$CALA long 6.75 (250 shares)
$CALA out 7.10 (250 shares)
It finally broke the triple top at 6.60 quickly spiking to 6.90. I bought it off a dip and I was looking for 6.65-6.7 but just wasn't coming down with the annoying 5 cent tick rule. I wanted 300 shares but since my execution wasn't ideal i decided to take a smaller position. I knew there was going to be nearly 30 cents of upside since 6.60 to 6.90 proved to be true and with the 5 cent spread I was looking for 7.15. It quickly spiked to 7 after my buy and dropped back to 6.75. After holding 6.75 it quickly broke 7 and hit 7.15. The way it broke 7 and how fast it did showed me a pull-back was inevitable. It was heading into mid-day so i just decided to take profits and 7.10. After hitting 7.15 it dropped to 6.85 and spiked topped out at 7.25. Great great trade and i wouldn't do it any different..! Turns out the mid-day scarce was true as it is dropped to 6.65.
$MJPI long 1.22 (1000 shares)
$MJPI out 1.40 (1000 shares)
Bought this pump as i saw signs of bottoming. It slowly faded all day from a 3 to 1.30 (key level). It broke 1.30 and went to only 1.20. It bounced to 1.34 then double-bottomed at 1.20 and double-topped at 1.35. It came down for the third time and broke 1.20 only to go to 1.19. After a few minutes buyers started to come in and it once again broke 1.20. This gave me the confidence to execute as I saw a bounce coming. I was planning on holding this o/n as this was all happening at PH. Potential long tomorrow if it can get past the 1.50 resistance today for a play to 1.75. Decided to take my profits as I didn't want to risk holding a pump o/n as i knew 1.50 was resistance. Great great trade this is by far my favorite pattern.
$CARA long 14.15 (300 shares) o/n
Bought this off a dip from its 14.60 day high. It was basing around 14 and broke it only to 13.97. It eventually broke yesterday's high again at 14.09 and starting holding 14.10 which gave me the confidence to get in o/n. If it can't hold 14.10 I'll cut losses but my PT is 15 or a 14.60 double-top. I'm very comfortable with this kind of trade besides the fact that im holding o/n. I have a set risk and will stick with it.
hi
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