Dude omg I was so mad when I saw SXE go up 110% today because the day before I sold my position at 68 cents. I entered in at 79 cents on friday, then watched it literally all day monday and during power hour it broke through a resistance level so i quickly sold. I kept telling myself to hold on a little while longer but my emotions got to me.

@stickastocks Typically the reason for these huge spikes are because of short squeezes. When the price is moving up so quickly that shorts have no option but to buy back to cover. This is a typical squeeze and it's actually continuing today. This is bound to fall and if i had to guess it would be later today into the close or tomorrow.

@ChrisA12 ugh. there will be more just hang in there. I've left plenty on the table as well selling "too soon" but profits are profits and if you profit more than you lose, you should be good.

@HebrewHammer Yes there are many opportunities out there it's all in the learning process of figuring out the market. Good luck to all and keep studying

@Nathan_casey I use the top of the wick sometimes and compare it to other candles with even further resistance to see if their resistance would be the same meaning if their wick ends at the same spot or close to the one im currently looking at

And vise versa with the body of the candle

@EvillTrader Yeah It was a nice trade becasue it was easy to pinpoint my exact entry/exit

@Nlstephens9 I don't get what you mean

I would love to see a live trade video. :)

That would be SWEET, Palmer! Thank you for these tips :)

Wow. Great insight, Palmer. As always, great post, man. I, too, appreciate all the tips and advice you give for new traders. Can't wait to see video either. Thanks again for all you do !

Wolf...drinks on me when that happens... ;)

CPXX is down 20 cents in the after hours so potential dip buy or short.

dip buy

Apple stock app had missing parts to the graphs today maybe just a little bug?

I did do that, it was on the iPhone... I use it as a fast look see, then look at TOS then my broker to "buy or sell"...

Yeah i have iphone too and I was wondering why parts of the graph were missing on high volume stocks. I'm not worried about it but yah just a little bug that probably will be fixed by tomorrow.

I hope so...

And you are welcome.

Nice analysis.. Even though analyst coverage on this is targeting $18.00 share long term, I see some profit taking here short term. Watching closely..

I love these bob dailys.

Thanks.

Congrats! I'm so glad someone is making money off BRKO! My account is too small to short/ couldnt find shares. Etrade wouldn't specify.

I can't find any shares to short what broker does he use

@Knapp617 Interactive

Sadly I cannot short sell so I will be crying while watching you lucky ducks pull in big bucks.

@tshirtfunded I greatly appreciate your words... Your are extremely kind

In this situation, I would have just went with a market order.

@fastdounut Yeah I agree.

Go with the trends, the trend here was sell sell sell so taking a long position was super risky and ended up costing a lot. Good luck though

Awesome video!

Thanks.

nice lol, thank you

Now the stock is on 6.80 xD