Hi all, this is my second papertrade.
My plan was simple, watch the morning panic and buy the bottom of the panic.
I was aiming for a quick bounce up to 1.45+. Kept watching the level 2 and time & sales closely..
Suddenly i saw a big buyer and jumped right in with 1000 shares.. I kept watching the level 2. Then out nowere i saw this big seller on the level 2 + the volume was not as strong. So these 2 factors made my decision final.. Sold my 1000 shares.
This was a failed dip buy. But im glad my studying helped me read the level 2 and time & sales. Made $30 in total on this trade +$40 -$10 commissions.
Back to studying for me!
Posted Apr 13, 18 1:14 PMbyKrogzax
Categories
Price Action: Buying Dips/Panics
Tickers
#DPW
Received 1 Karma
Good Job, on to the next setup and may there be more profitable days ahead of you
Thank you Kobayashimaru
Where did you get the information of Level 2 buyers
@Sialkotian Hi, I use stocks to trade.
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