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I saw that half a positive PR premarket. $PBMD spiked to 6 in the past, so I decided to buy in the deep after 1.8ish premarket spike. It dropped and found support at 1.42. I decided to wait till the market open thinking it would have spiked at least to 2.22 (daily chart support) but instead it run up to 1.7(ish) and faded. I messed up also with DAStrader Pro montage interface: instead of setting a STOP order at 1.5, I clicked LIMIT SELL 1.5 and my order got filled at 1.52. LOL WAIT FOR THE SETUP
Earnings release not too positive but at least .36/share loss vs .8/share. Tried to anticipate Day B/O at 5.5 with a low 6 target. Stock did break out but stalled at 5.68. Cut losses quickly.
1st Trade. Followed Tim Alert. I learned: 1) small positions = no stress ideal for learning 2) Understood the reasons behind Tim's entry and strategy. 3) I have been lucky as my entry was 36cent above Tim's. Be careful in chasing alerts.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
