I knew that SINO was a recent low float runner, and the market we are in right now has a lot of recent low float runners spiking later on. I saw that SINO was already up around 20% on the day and it was just about to breakout over the day high of 2.15. I knew that this was the perfect pattern to play so I had a plan of buying the breakout over 2.15 risking off the 1.90 level with a reasonable reward of this touching 2.84, where the supernova run ended a few days ago. If it hit 2.84 and dropped real quick I would've locked in gains as quick as possible, I had my limit order ready at 2.75. But it pushed past the 2.84 level so fast then hit $3 and I was trying to get out at 2.90 but it dropped too fast for my order to execute. By time I got my next order in I got out at 2.75. I locked in $281 in profits in 4 minutes!! My best all around trade so far!
nice! i missed my entry at 2.09, shouldve chased a little bit for that 2.15 b/o
i was gonna get in but i felt like i was chasing due to its movements from yesterday
@SaiyanTrader Thank you! There will always be more plays, chasing will hurt in the long run
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