Ticker: $NVFY
Strategy: Over Night
Enter: $2.45 (12:30pm PT  2/23/2017 )
Exit: $2.25 (6:31am PT 2/24/2017)

This trade did not have to be taking, i would say FOMO got me again.

I entered the trade hoping for  morning gap up due to its news about costumers on thier website. The PR was pretty week to my opinion but i figured a alot of these social media companies are big due to how many users they have and what not, and even though $NVFY is not a social network company, i figured the same would i apply, and people would see the value of this, especially over night (i was wrong).

 

Now here is where i went wrong. I saw a lot of people saying " oo this is a pump blah blah blah.", but i figured "hey, pumps can run far, PR is not all to bad, and tomorrow is friday so maybe it might spike, maybe a a nice squeeze."

With this kind of thinking i got greedy, because when i baught the stock at 2:45 it actually went to 2.70 before the market closed but i decided to hold my position anticiapting a big morning gap up (to think of it now, i should of just covered half of my position at 2.70 something i think the Gurus would of have done).

all i got was a stock that opened pretty much .20 cents below its previous closing price witch was $2.51 . as soon as the market opened i got out the stock quickly. 

'The stock did bounce back to the 2.40's but i was not going to to hold, wait, and see. I do not feel guilty at all because i am building good habits

 

PS>

Srry for the horrible spelling, I am at wrk when i right these blogs, so i have to be quick a kinda sneaky lol ;) and plus i am a trader not a speller