8/15AM: Got up this morning, and noticed HMNY spiking pre-market. Tim had already bought some in the 3.60's, and I decided to buy the next dip, as it came down from 4.17 to the 3.80's. Seemed to have a lot of buyers there, but I chased it up a bit, and got my order for 200 shares at 4.00. It broke the day high by 10 cents, before coming back down. On the next try, it could not break, and I sold at 4.20, for a small gain.
Before the market open, all the bitcoin stocks were turning red. I had found shares in BTCS and SING. SING is too low priced for me, but I thought I could give BTCS a try. Right before the market open it seemed to wanna break .37. I had my order ready for .37, but I could not get any fills. Also did not want to chase it down, which in hindsight, I could have. Missed a nice 20+% drop which could have been an easy $200 for me. Glad to be on the right track though, and not chasing it.
HMNY did nothing but downtrending ever since the market opened. I usually don't like to buy these "bottoms" as they have a hard time rebounding, because of all the people that bought in the runup, and are now under water. Tim alerted it, and he bought at 3.12. I got some FOMO and decided to buy some as well at 3.19. However, it turned red pretty much after I bought, and could not recover. I held on a little longer than Tim did, but still ended up selling for a small loss.
Really have to stick to the best setups. It's hard, because I really want to make money, and it makes me impatient. Should not worry too much about making money, but more looking to make the right trades. It's hard, but I think I will get there.
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