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I was watching INO in the premarket with the goal to dip buy it. It was being talked about in chat in the morning, the entire market got halted, INO started to drop, I guessed the bottom when it started to rebound but in the end, i picked the wrong bottom, if i would have waited, i could have gain $1 a share.
Trying to learn dip-buying but it is a slow trial and error process to find the right stocks to trade. My initial goal was .15 to .20 a share and I exited at the right time because in started to drop after I sold.
This was my single largest profit so far, my first three-digit gain. I still have a lot to learn.
Small trade, Still learning
This is my first overnight trade. 3:45 I bought into the close on a green day stock that had people talking in the chat (Rookie mistake, don't follow anyone trades) 8:45 I had profits in the after-hours but decided to hold overnight to see if there would be a gap up, but the opposite happened, there was a gap down in the morning and i cut my losses.
This was my first OTC trade and I learned I don't know enough. 11:30 I bought looking for the midday dip 12:45 the chart for this stock froze during the midday (I don't know if that is common with OTCs) and when it came back the stock started to plummet so I tried to sell and took my biggest loss yet. I still have much to learn and they say the profits/losses in the first 3-6 months are not important as long I learn the process.
10:00 AM Bought into a new high of the day right before a morning panic. 10:20 AM Sold, I had to cut losses quickly and since I am still learning, I have heard to have 1-2% risk.
This was my first ever trade. I was nervous at first. I am currently reading "The Complete Penney Stock Course" and it said to make $100 trades and try to profit $.10-$.15 to gain confidence in a strategy. $ARAY$ had earnings and it was up during after-hours so when volume came in the next morning, I traded, hit my goal, and got out. Thanks, Timothy Sykes and all of the other Gurus for informational videos and lessons.
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.
