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Testing OTC o/n play, my plan was FGD on OTC closing strong with catalyst (imo). I thought with 2 m contract win news stock could at least reclaim next resistance level and possibly break thru it. Entry on this was terrible ( earlier afternoon would have been ideal) pre-market stock looked weak and potential gap down so cut trade immediately at the open

I bought this 1st green day former runner with news of Amazon deal Nasdaq stock. The stock seemed to keep getting stuffed at the 1.40 ish area, I did not find any red flags in the fundamentals and operating cash flow shows positive , company is due to report earning tomorrow so I would not hold o/n, the stuffing lead to boredom and exit for me

Testing o/n on OTC behaving strong into the close above vwap, entry here wan not ideal but had been watching it thru day , goal was a gap up in am and risk at .15 kept tight leash on this one because I haven't traded OTC a lot . stock did not gap up but did uptrend in am prior resistance is at .22 and started to show weakness on level 2 around .20 so I cut trade with a small win. Despite my entry I am happy with this experiment. The lessons on level 2 paid off for this trade.

Shorted this stock on weakness and watched it drop to the low fourteens which is what my thesis/plan was and did not cover, big mistake, this was a great lesson for me as it showed me greed got in the way and I deserved this loss. The sss was tradable and stock behaved as I expected it to and then I ignored my plan and thought it would go lower which in fact they came out with news and stock squeezed and is still going at time of this entry. Lesson learned..... take profits!!
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.