FIRST 1000$

MGT I am long this stock. John Mcafee is THE guy when it comes to security. And now when they have renamed the company to "McAfee Global Technologies", it will get a LOT more attention, besides that he is a very good executive to have for $MGT. I am long as told, this is mainly because I need some big wins, since I am trading from a small account of 3K, and I have now used 3/4 PDT plays. So if things are not going my way, regarding risk/reward I am out. But as far as I know, the CEO is promoting the stock, and also articles confirm that there are paid promotion, also if you look at message boards like thelion.com, then you will see people are loving it (makes the promotion even better), makes me confident enough that as long as this does not crack bellow 1.18, I am still having my profits without a loss. I will cut my loses quickly if we are getting around that point, but for now, I am aware of the risk I am taking, and I know the rules. I have prepared my homework on this strategy, before I even begun. I mainly watch level 2 from STT platform and are aware of mental exit, even though this has been a SCARY stock to play.

 

Thanks to Timothy Sykes for all the good lessons and avaliable information online. I am going over my notes today, and make sure I stay disciplined.