ARGS would've been a good play this morning when news broke. Since the stock is only about 3 months old, there is really no long term technical support or resistance. The stock has also been down almost consistently since the IPO. Holding an Earnings winner overnight is a risky play these days. So i'm not sure where it could go from here. You might just wait until tomorrow and buy in on the new high/breakout. Or if there's a panic, wait for the bounce.

Actually, this stock has been around since 2014. It underwent a reverse stock split of 1 for 20 back in January after it was beaten down for a year by an unfavorable FDA review of one of it's drugs in the pipeline. I've been long 9300 shares for a while now as a long term hold with an FDA update coming out this quarter.

thanks for the clarification. The broker I used only had data from Jan 2018.

agree about the market, just when we adapt it will change again!!

Unless you are strictly papertrading. Then I would go with TDAmeritrade. Their papertrading is great.

@JKelly Very Good input! thanks!

@Karlsson_Papertrade when you need it. You just have to check with them and give them a call or email or live chat they respond

@Karlsson_Papertrade there is no limit which amount to trade but you have to make at least 15 trades in 3 months else there is $50 charge for not trading

With such a large fee, you might try a different broker until you grow your account to where fees don't matter

I agree with @jungem05. Try to find a broker with a more suitable fee structure. I started last year with a broker that charged me about 30 USD for a round-trip trade (1 entry + 1 exit). Due to the high fees, many trades ended up as loss or break-even, when they could have been profits. Had I been with Interactive Brokers from the start, I actually would have made net profit last year, instead of net loss. Also, try to find setups/patterns (and maybe higher priced stocks) that can give you more

Also, try to find setups/patterns (and maybe higher priced stocks) that can give you more profit per share. It's hard to grow the account (in the beginning) when you are relying on pennies per share to make money. I'm currently trading stocks that have 1-3 dollars of profit potential. I find this better to manage (they are a bit slower than penny-stocks) and it helps me to avoid the habit of scalping.

@Nodrog I agree that IB fees is nice. But most people starting out with small accounts do not have the $10,000 required to open an account with IB.

@jungem05 i use the thinkorswim platform, then i place a short order at a very high price and see, if they arent an error message cancels the order and says shares of this security arent available to short sell

@jungem05 maybe you can try the same method on your platform, i dont know

ah ok. I was thinking there was a column or section in the watchlist/screener that I was missing.

CBIS

I agree. There's no market volume today to bring any trades worth it. It's probably due to the Major Exchanges having a could of red days this week.

I feel ya! I made a little bump on YANG.

good observation. are you on a margin acct? i had a similar problem originally, but ever since i switched to a cash account i can trade everyday. i do this by using 1-2k per trade per day while maintaining a risk of 1% of my account. so roughly 75-80 dollars risk per trade. maybe this could work for you rather than a margin account. it keeps you a lot more disciplined imho.

$SNGX would need much more volume to come in before I'd buy. Yes it did have a big spike this morning but the volume died off just after market open. Something would need to change to bring the volume back. My recommendation is to keep it on your watchlist for tomorrow. Friday's tend to be crazy

@jungem05 Thank you.... :)

Rough man! I made a similar mistake on RHE this morning... Turned a potential $600 profit into a $160 profit. Could be a lot worse, but still kicking myself for getting greedy and not selling at least half at $0.60 or upper fifty's. It sure was moving fast! Oh well... learn every day!

@TimO Dang man. I'm just glad I'm not the only one! Good luck to you in the future. Good learning opportunity for both of us!

Yeah same thing happened to me on $NIHD yesterday and $ENRJ on Tues. On $NIHD, I was up almost $80 which is huge to my small trading account. But I held too long and finally got out at my buy in price so I only lost commissions. For ENRJ I bought in on the run up and held until the bottom of the pullback. The good thing is that I'm slowly learning to have some patience and take profits when you have them.

Yeah I've noticed that as well. At least this week and last, it seems that most of the plays are done and over with by 10:00am. For me personally, I haven't had that click yet were I learn how to catch stocks as soon as they spike or just before. I've been entering on the breakout of a pullback or from resistance. But in either case most of the 20,30, or 40% run is done and i'm left with 5 or 10% or it turns out to be a fakeout breakout.

Like Tim says be patient. If I were to do it over I would understand everything your studying and watch the stocks and don't trade until you can see trades happen with success.

That's good advice. For me it's hard to be patient with anything but I'll work on it.

Same here I've had to force myself to be patient because thats how this game is.