$EAC
This stock announced a contract with US NAVY after market on 6/6/2016 and has high volume in today’s pre market. I don’t have any day trades. My plan is to get in 200 shares around $1.50 (Support)I do have a limit order for $2.00. Hopefully it goes up past pre market high of 2.13 and hits high 3’s and tomorrow sell out above my buy in price at (under 2.00, closer to 1.50 than 2.00)
My order executed as soon as market opened for 200 shares @ $1.76. Spiked to $1.85 then had a morning panic LOD was $1.02. It even halted once. I saw so many opportunities to get out however I couldn’t because none of my day trades were open because of PDT rule.
Lesson: Don’t trade when you cannot cut your losses! I knew that if I could have traded this regularly I would have cut my losses like Tim always says.
If you're under the pattern day trading rule please learn from my lesson guys!
Dude i know how you feel i lost $100 yesterday trading a chart pattern i KNOW shouldn't have. AMRS i was looking for 10% but i missed my buy in at .63 bought in anyway lol at .69 and sold at .63.
I recommend reading the premarket action. most of the times when the price action is fading before the bell rings, the stock is most likely to sell off. Keep in mind that the overall chart is a massive sell off. so what ever chance that the bag holders get to have, they will sell for a minor loss. News may be good but the weight of the sellers long term is greater. you see this all the time. so read the price action before the bell. one more thing. if the price action already had a parabolic mov
all the best.
What brokerage do you use? It's happened to me once and I didn't realize it was my funds weren't settled; i was able to call them and place a trade over the phone, and since it was my first time they allowed it. If you're still stuck in, and it goes lower tomorrow, it's worth a shot giving them a call.. The old fashion way of day trading, calling your brokerage to place the trade. Good luck!
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