$ESES long 1.75 (800 shares)
$ESES out 1.65 (800 shares)
I was watching this very closely p/m as this is up from 1.06 to a p/m high of 2.08 on a new contract. I accidentally bought p/m just to test something as it was at 1.84x1.85 and i was trying to cancel but i got executed lool. I could've got out break-even but I decided to see if this level would hold (stupid mistake) and was forced to cut losses as this was all 1 minute before the open.
$ESES long 1.77 (800 shares)
$ESES out 1.94 (800 shares)
After dipping to a low of 1.62 the stock had a big spike to 1.85 that caught my attention. I put in an order at 1.77 using 1.75 (key level/p/m plan) as my risk as I recognized this big move usually has a first healthy dip. Turns out 1.77 was the dip low of the 1st dip as it spiked immediately to 1.97 the next minute. I sold into strength thinking this could at least get to 1.95 and it did just that. Turns out I was right to sell (as I always would here) since it faded all day hitting a low of 1.33!
https://user.profit.ly/usercontent/101135/c9/7e7a80306c11e781673b74bafe2766.png
$MTBC long 2.14 (800 shares)
$MTBC out 2.20 (800 shares)
I really really messed up this trade as I got too excited/emotional. Yesterday the stock had its first red day and was gapping down from 2.00 to a p/m low of 1.83. Near the market open the company put out a PR claiming BS and it managed to squeeze to 2.41 p/m which caught my attention. At this point I was thinking the stock could really squeeze since all the shorts were expecting a morning panic. My whole p/m plan was to dip-buy near 2.09-2.20 and I executed once I saw it holding 2.10 (key level). I randomly sold into strength when it was doing exactly what I wanted.... no excuses I just btched out persuading myself I was wrong when I already made the trade. Great reminder to not get emotional or too excited but rather pursue the original plan unless give a reason not to.
https://user.profit.ly/usercontent/101135/d4/892b50306c11e7a6021112ff4e9fa2.png
$PIRS long 3.50 (450 shares)
$PIRS out 3.52 (450 shares)
$PIRS long 3.52 (450 shares)
$PIRS out 3.34 (450 shares)
Big ugly loss for me here yet a great lesson to learn. The stock gapped-up from 2.43 to a p/m high of 4.00 on news of a big contract. I missed my execution as my whole p/m plan was to see if it holds 3.09ish (key level) yet I didn't execute. I bought it thinking the stock has a tendency to down-trend and spike. I was dead wrong the stock fell off a cliff and I sold into absolute panic. This overall trade reminded me to only take the patterns im 99% confident in. This was a generates trade and I don't plan on doing these in the future because it wasn't clear if the stock would go down OR up and it was a down-trended. Even if it had spiked I would learn the wrong lessons as this just isn't a reliable time to buy. Great lessons.
https://user.profit.ly/usercontent/101135/df/685f50306c11e78cf327a2ff2b025a.png
From here on out im only going to make 3 trades daily as it will be start of round 3! Cheers.
Your pirs plan wasn't a bad one it hit 3.70 multiple times yesterday...buying pm is risky an burned me several times.
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