timothysykes

-$2,250 loss COCP Long Stock

Entry comments: Another coronavirus play spiking, on big volume, lets see if it can take out morning highs around 2.20 that's my goal here

Exit comments: Unfortunate timing right as an offering was announced, literally the same minute as I bought, all you can do is cut losses quickly and don't hold and hope...this is why I trade with small size as you just never know, small loss for me, acceptable risk due to unlucky bad news

Received 6 Karmas
grandarbor9
grandarbor9 Mar 09, 20 3:16 PM

Great example of why you don’t trade with large % of your account. Unlucky timing Tim. Glad I was able to watch that unfold. Really drives home the lesson.

legheim
legheim Mar 09, 20 3:29 PM

Sorry to see your loss, Happy to know that these things don't just happen to me.

Drybeats
Drybeats Mar 09, 20 4:48 PM

This is some scary shit i think. Trading with a small account you have to go all in. How to stay safe??

Windwalzer
Windwalzer Mar 09, 20 6:53 PM

You entered expecting the stock to spike/go up more, they had an offering which cliffed/#4, and then it halted? I keep saying your #1 rule over and over "cut losses quickly". Thank you, thank you, thank you.

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timothysykes

$420 profit INO Long Stock

Entry comments: This is a strong coronavirus stock breaking out, just got it on a nice 40 cent/share dip off its highs, small position for me since this is VERY choppy/scary, goal is to sell in the 10s somewhere

Exit comments: Whew, sold afterhours into nice spike, this stock is too rich for my blood, congrats to Tim Grittani whose in from $9.20ish and has a much bigger position than my lousy 1k shares...but I'll take my $2,000+ profit day on a day like today any day :)

Received 10 Karmas
MeatHammer13
MeatHammer13 Mar 05, 20 3:19 PM

Got back in myself with 3/@9.40 after rookie dumb early in am. But good job

jordanleite
jordanleite Mar 05, 20 3:27 PM

I was in at 8.30 got out at 9.5 bought back in at 9.58 at the end of the day going to hold overnight.

Windwalzer
Windwalzer Mar 05, 20 4:52 PM

Does this chart count as a double top or would it be a triple top, or none of the above. When you say .40 a share off it's highs that would be the peak at 2:30ish, and you exited after the close? Thank you. Congratulations on the bus and schools.

sanchezr0703
1
sanchezr0703 Mar 05, 20 4:59 PM

I made some profit thanks to your alert. Bought as soon as the alert came out 9.70 sold at 10 made 150 profit. Not a whole lot but I'm glad I made some profit.

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