Quite the busy day today as I closed out my CBIS position for a small loss, made 2 day trades in ARO and MCEP and then opened an overnight swing position in GRPN….Pause (Deep breath)…All in all I wasted my trade in ARO as I thought it may go Supernova, which it didn’t. I did nail MCEP from my watch list for a nice $75 gain before it faded the rest of the day. I also lost $8 in CBIS which I was up roughly $100 last Thursday. Other than MCEP, the rest of my watch list wasn’t on fire like it has been as of late but I did nail 1 of 3. Here’s how it turned out.

 

https://www.instagram.com/hammertimetrading/

https://twitter.com/HammerTTrading

http://profit.ly/guru/timothysykes?aff=6394

http://profit.ly/store/info/169?aff=6394 

http://profit.ly/store/info/161?aff=6394 

 

#Hammertime

 

 

 

CBIS – I’m still holding this position even though I should have got out on Thursday when I was up over $100. I was away from the computer Thursday and Friday so missed the big drops. I was watching and making sure they weren’t going below my $0.0175 risk level, which they weren’t so I wasn’t panicking. There was some hoopla in the news with protestors in DC. I’m curious to see how the sector reacts to what happened. I will most likely sell tomorrow morning or afternoon. After failing to spike in the morning, I decided to get out when it started dropping below $0.02. It came back around and I sold at $2 for a really small loss. After being up over $100 on Thursday, it’s a little disappointing that I took a loss here, but there was a lesson to be learned and I’m still learning always. $8 loss isn’t bad all things considered.

 

MCEP – This actually broke out Friday and I’m a little upset that I was away from trading because this was straight from my watch list Thursday. I wouldn’t be surprised if this tested $2.50 tomorrow morning so I’ll be watching this carefully. I’d like to see this dip a little to $2 for an ideal entry but if it holds $2.10ish (prior resistance) I would buy there as well. I’m hoping for even more volume tomorrow. Man did I call this or what?! This never got to the $2 range so when I saw a little spike and then dip in the morning, I bought that dip at $2.33 and watched it spike up to over $2.60 within a few minutes. I ended up getting out at $2.58 for a $75 gain (10%) as it was showing some weakness up there. It ended up fading all day back down under $2.30. No play for me now unless it gets closer to that $2 tomorrow. Unfortunately, I only have 1 day trade left the rest of the week after using 2 today so I have to be patient and wait for the right play.

 

UNXL – Here’s a contract win that spike up to $1.25 on Friday. It bounced off the $1 range a couple times. The longer-term chart is actually on a nice reversal since the end of January and I wouldn’t be surprised if it retested the $1.50 range, which would be a nice 40% win. Be careful though because it’s possible this pulls back for a day or two like it has in the past 2 months. Not a whole lot going on here today unfortunately as the volume faded a bit. It attempted to breakout at $1.14 from yesterday, but couldn’t do it and ended up fading the rest of the day into the close. I’ll still watch this for another day or two to see if this can hold above $1. That’s still my ideal entry and it’s looking like this would be more of a swing trade rather than a day trade.

 

Also on radar: UA, AVXL, VLTC, AQXP, TGD