$MARA/1000: $573.25/PROFIT

November 24, 2017

 

This stock had A LOT of premarket activity, it opened at 1.45 and closed at 2.16 on Wednesday (Thursday was Thanksgiving, today is Friday).  Went up after hours and premarket with HOD (premarket) being 4.67, currently 9:18AM and it is priced at 3.40.

 

This stock is going to gap open, being it has had a lot of premarket activity, I will let it play out until it shows me if it’s going to rally or panic after the open.

 

If it rallies, I will buy in around between 3.50 - 3.60/1000 and sell half at 4.00 whole number, and hold the other half for a potential continuation in the rally, selling the other half possibly between 4.20 - 4.50.  STOP LOSS 13 EMA

 

If it has a morning panic, I will wait until it bottoms out, possibly around 3.20 and buy in around 3.25 - 3.30 and sell between half at 4.00 and the other half between 4.20 - 4.50 for solid gains.  STOP LOSS AT 3.00

 

 

I gave a few minutes for this stock to show what it was doing.  While I probably could have waited a couple more minutes, I bought in at 3.54/1000 and sold at 4.11/1000 for a profit of .57 a share.  It consolidated around the mid 3.80’s where I had bought back in again at 3.85, I sold a little early because it just spiked to 4.06.  I sold it because it was forming a downtrend in the intraday candle formations.  Now it is at 4.10.  Looking closely into that pattern now, while it was downtrending, the bulls were winning the fight.  It is going to breakout of it’s intraday high her in a few and spike to the moon.  While I am not upset because I made a solid trade today, the second trade was of good consideration, I just played it too safe as my stop on the second trade was at 3.80.  I will continue to find trades with the same parameters as todays.

 

LET WINNERS RUN, AND CUT LOSSES SHORT.  THE MORE CONSERVATIVE YOU PLAY, THE LESS YOU MAKE.  THE MORE CONSERVATIVE YOU PLAY, THE LESS YOU LOSE.  THE BRAVER YOU PLAY, THE MORE YOU MAKE.  THE BRAVER YOU PLAY, THE MORE YOU CAN ALSO LOSE, SO CUT YOUR LOSSES SHORT AND DON’T BE SO UPTIGHT THIS IS THE SECOND TIME I COULD HAVE LET A WINNER RUN FOR THE HILLS.  

 

Moral of the story, this particular stock barely kissed my STOP LOSS off 3.80, if I would have put a less aggressive STOP LOSS around 3.75, it would be in a .30 cent profit range right now.  I put an aggressive STOP LOSS because I did not want to lose much of my already won profits, but because I was playing so conservatively.. I lost a chance on letting this winner run.  Currently priced at 4.33

 

 

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-RISK/REWARD: 1/6

 

-Float: 17.9M

 

-Volume: >14M

 (2% OF VOLUME RULE!)

 

-Short squeeze momentum number (1-5, 5-10,10+) w/ catalyst: 3

 

-HYPE?: Bad earnings, play the hype

 

-EARNINGS?: Bad

 

-PATTERN?: Revival

 

-GAP?: Gap up at open

 

-EMA STACK: (200, 13 (crossed 39 yesterday for bullish), and 39)

 

-MACD Histogram and Signal Lines: 3/6 months bullish (histogram .01807 and signal lines trending up, fast line neutral, slow line -38.694)

 

-MOM: 3/6 months bullish (+.5801)

 

-D.O.W.?: Wednesday to Thursday bullish (Thanksgiving was Thursday, so it’s actually Friday)

 

-Candle closing strong? No

 

THE MARKET IS ALWAYS CHANGING, AND SO SHOULD YOU.

 

 

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