$FTFT/740: $1245/PROFIT

 

FTFT/750 - Dip buy this around 4.50 - 5.00 unless it happens to supernova and break 6 in which case I would buy at 6 - 6.10 and sell around 6.50.  Dip buy BETWEEN 4.50 - 5.00 and sell around 5.25 - 5.50.

 

FIRST THINGS FIRST, I AM CURRENTLY NOT IN NEW YORK, AND I AM “TRAVELING” AND IN KANSAS TRADING ON MY SURFACE PRO/EXTRA MONITORS AND NOT MY IMAC.

 

I was expecting this stock to be more of a dip buy than anything else, but because of all the speculation with bitcoin lately (Bitcoin crashed last week before xmas), this stock was building momentum and climbing price action through the premarket.  I then expected it to peak at 5.75 and then tank, where I would have bought in around 4.80 – 5.00 and sold around 5.50ish (depending on signals).

 

I had a possible second scenario in mind but it was not my main plan of attack.  I felt if this stock broke 6.00 it was going to spike to around 6.50 then crash.  So, I made it a point to buy right after 6.00 as shorts get squeezed and I ride the momentum.

 

My mom lives in the country, and her internet SUCKS.  This stock was flirting between 6.00 – 6.17 until it broke out of 6.20 and shorts got squeezed.  I bought in at 6.04 and had a mental stop at 5.85.  I initially planned to sell this stock around 6.50ish to previous HOD, and shorts were getting squeezed and it started climbing very quickly.  Within 3 minutes it went from 6.00 to 7.70 were it was halted.  In the high 6’s, (6.80ish) I wanted to sell but my mom’s internet started crapping up and did not allow me to enter an order.  My intentions were to get out before it got close to 7.00.  I then reconnected the internet and it was squeezed up to 7.30, then reconnected again and saw it at 7.70 and it was halted.  I put in a limit order for 7.70, and quickly realized I would get fucked if it opens below 7.70.  Also, being this stock was rising I could probably still get filled around that area so I cancelled the limit order and put in a market order to get filled immediately after the halt.  Halt was lifted and I was immediately filled at 7.70 for gains of $1245.

 

Realistically, my profits would have been around $400 - $800 had I not had shitty internet.  So I know mentally what the good trade was, today I was lucky to reap a little more rewards. I am thankful it worked out in my favor as it does not always work this way.  Moral of this story, be careful trading with shitty internet, now I know how Sykes feels.

 

 

PURA VIDA

 

Raul

TOP DOWN LIST - DO NOT DELETE

-RISK/REWARD:1/3
-Float: 2.8M
-Volume: 3M Avg 515K (2% OF VOLUME RULE!)
-Short squeeze momentum number (1-5, 5-10,10+) w/ catalyst: .5, premarket mover
-Over Head Resistance?: @ 5.75, 6, 6.50
-HYPE?: Blockchain hype
-EARNINGS?: N/A
-THEME?: Bitcoin
-PATTERN?: Dip buy
-GAP?: Gap up 1.00+/-
-EMA STACK: 3/6 Month (13, 200, 39 about to break through 200), 1/2/5/15 Min chart all bullish
-MACD Histogram and Signal Lines: Histogram bullish @ .30754, signal lines wide gap in uptrend, fast line .52083 and signal line .21329
-MOM: Bullish @ 2.83 above neutral area
-RSI: In oversold territory @ 72.7564, it's going to surge oversold even higher at open with this gap up
-D.O.W.?: First trading since Friday before xmas, stock had lots of activity Friday and over the weekend there were lots of talk about bitcoin adding to the theme/hype
-Candle closing strong? Low 2.75, open 3.00, close 4.35 and high 6.63, YES

THE MARKET IS ALWAYS CHANGING, AND SO SHOULD YOU.

PLAN THE TRADE, AND TRADE THE PLAN - TRADE TO TRADE WELL, NOT TO MAKE MONEY.