Good evening.

Today was a good day.  I came away with a profit.....a small profit, but a profit nonetheless.  I listened to Matt Monaco last pm and Tim Bohen this morning.  GRRR was on everyone's radar.  It had news this morning and gapped up $1.  I did my own research and also looked at Oracle after listening to Bohen, and I set my signal, stop loss and target.  Unfortunately, the stock went nowhere and stayed below VWAP after the dip at the opening bell.  But the good news is that I was disciplined and stuck to my plan, which resulted in not entering the trade.

Listening to Bohen at Mid-Day, GFAI was gapping up.  It started this morning and kept on.  So, I used Tim's information, did my own eval of the support and resistance, and entered the trade.  I entered the trade on two separate occasions and made money each time.  Right now, I just don't have the confidence nor the experience to feel comfortable understanding the difference or the signals that the stock is reversing versus recognizing that it is likely pulling back before another run upwards.    

This evening, in the after hours, I saw the breaking news chat about MRIN (a penny stock) having news and gapping up.  I noted it gapping up approximately 0.10, from 0.66 to 0.76.  I got in at 0.82, noting a continued trend up.  The volume fell off quickly thereafter and the price dropped in the high 0.70 range.  I was able to get out at 0.785 for a 4% loss (not bad and and I still profited for the day).  I'm trying to implement Rob Booker's strategy for the stocks that gap up, especially in the after market.  I haven't had much success yet.  I think my problem here was that the volume was too low when I decided to enter the trade.  I entered when the first red candle was actually green (in real time) at 0.82.  Then, it fell afterwards and didn't look back.  I was fortunate that the price didn't fall too quickly.  

In all, I'm happy with the day despite the small loss.  Baby steps!