Hi Guys

 

Just a quick analysis of my only trade today.. ADMA. I got in 300 shares at 5.85 in the last hour. Got out 5.91 for small profits but my plan was to hold overnight if it really ran into the close. It did run a little but I wanted to see a convincing break over 6 so got out.. played it maybe too safe but im starting with a small account so dont want to risk overnight holds just yet unless the stock does exactly as I want. I think this will break 6 as it has already after hours and should have a second green day but why do i think this is a decent trade? Its certainly not a perfect trade by all means as the catalyst isnt huge but taking into account the other factors combined this makes for a good play in my opinion. 

 

This stock is up on some good FDA news.. which is the catalyst. Secondly, its a multi month breakout as you'll see in the chart below. Finally, on the daily chart this isnt overextended hugely and has found a SOLID support all day in the 5.80's and perked up with much higher volume than throughout the day. The final factor was that it did break past mid day highs end of day and come back to support which is where I got in.. but again I want to see my plan work out a few times on overnight holds before i start holding them. Again, played it EXTRA SAFE but after blowing up my account twice as a newbie i'll take EXTRA SAFE every time now with limited risk. 

 

Main watches for tomorrow ADMA, VRAY, AWX.