Hey guys! This morning was a good morning to learn a thing or two. $LEI was a beast! I was watching it premarket and wanted to get into the action however I've learned that once a stock has gotten so high it isn't worth chasing. Unfortunately I don't think anyone saw it going an additional 100% almost before dropping. I however did make one trade this morning before needing to head out. I made one of my best trades to date however I lost money on it. The reason why it was one of my best trades I've made is because

$UPL

Bought on morning spike at .4160 and sold at .4028 for a small loss

• Previous days showed potential to spike with proper volume 
• Bought when MACD signaled 
• Noticed volume spike and then decrease
• Sold for a minimal loss when volume lacked on failed attempt to spike 

 

Thanks for reading guys! If you have any pointers for me please don't hesitate to reply!