05/24/19

I was watching $BIOC and I made these lines to know where I would enter for the trade. It felt good knowing that others in the chat were also talking about this one right when it crossed my resistance. I was not able to paper trade since I am still doing the trial, but this is where I would have gotten in. However, it still didn't feel that comfortable not knowing when to get out. I can see where greed begins to foreshadow a demise. So, my question is, on what indicators should I be looking at while riding the wave? Volume? Candlestick pattern? Both? I need to get more experienced to visualize the exit points? I know Tim doesn't wait until the very end. He just takes the meat of the move and comes out, but even then it is tricky for a novice.

For CYCC I had trouble knowing when to get in and it felt like I was going to start chasing since stock kept trending upwards; I was waiting for the stock to test support levels and look for breakouts, but it felt tricky. Some people banked on this pattern at the opening, but I don't know what they saw. Granted, I still haven't kept up with other catalysts like news. Some people even bought pre-market and made some big bucks, however, I don't think this is good practice and may harm them in the long run.

This is the one of I'm most proud of right now. I was independently following this stock when I saw that breakdown from support. I knew it was significant so I turned to the chat, before I knew it, Tim announced the warning to all longs that $NVCN had broken support. It made me feel confident that I am in the right track. I was also thinking of going in at $0.77 for that breakout at around 9:50ish.

Studies have been going well. Currently reading The Complete Penny Stock Course.