KODK/300: $30/PROFIT

 

This stock had some premarket activity that caused it to gap up, I planned to buy on the dip around 9.50 with a mental stop at 9.45.  I was planning to sell half at 9.90 and let it play for a breakout to sell the remaining shares around 10.50.

 

Unfortunately, trading from my phone is much more difficult than I anticipated.  I am realizing now, the only way for me to trade successfully via cell phone would be to swing trade and swing trade only.  I have attempted several momentum trades, and I cannot enter/execute orders as quickly as I can via computer and that is a huge problem.  Not only that, but with the T.O.S. app, when you go from looking at charts/Level 1 to placing an order, it takes you to an order screen where you can see price action but can no longer see the chart/Level 1 which for me is an even bigger issue.  Level 1 is already limited, so I am relying heavily on the bid/ask sizes it posts and watching the intraday chart to find resistance/support.

 

With all of that being said, I bought in at 9.65/300.  I was able to find the bottom, but was unable to enter as quickly as I wanted because of the changing of screens back and forth.  The stock then started trading in range between 9.80 and 9.50.  I sold minutes before the breakout at 9.80, but when I was holding my position, in Level 1 it was showing huge offers and 9.80 would get immediately shut down to 9.75, then 9.70 and so on.  It dropped to 9.50 several times and I didn’t think it was going to break through 9.80 because the offer was so big every time it hit.  I sold my position at 9.75, moments later it dropped to 9.70, then to 9.60, then to 9.50, and quickly spiked back up to 9.70 then started forming an ascending triangle where moments later it broke out.

 

I may of sold too soon in some peoples eyes, but the volume was dropping, the spread was getting larger and the stock was losing momentum.  Not only that, not being able to enter orders quickly will mind fuck you when you place an order, and the price has already changed.  I forgot to mention, I received the loading signal again today in regards to placing an order!  So when I placed the order, the loading symbol appeared, and it did not go to the “working” section it just executed after about 20 seconds.  That’s not a good thing being, had I wanted to cancel the order and stay in the game, I would not have been able to because it was “loading” and not in the “working” area.  

 

The only logical thing would be for me to buy in positions that are not very critical price points but are still within my risk means.  Also, it an all day trade/swing trade will be the way to go trading via phone from here forth.

 

CARPE DIEM

 

Raul

 

TOP DOWN LIST

DO NOT DELETE

 

-RISK/REWARD: 1/3

 

-Float: 22.4M

 

-Volume: 4M/AVERAGE, 8M/yesterday

 (2% OF VOLUME RULE!)

 

-Short squeeze momentum number (1-5, 5-10,10+) w/ catalyst: .83

 

-Over Head Resistance?: 10.00, 10.30 (premarket), 10.71

 

-HYPE?: Blockchain P.R.

 

-EARNINGS?: N/A

 

-THEME?: Bitcoin

 

-PATTERN?: Former supernova 2nd Green Day bounce

 

-GAP?: Gap up

 

-EMA STACK: 300, 13, 39

 

-MACD Histogram and Signal Lines: Histogram bullish @ .80, Fast line bullish at 1.0

 

-MOM: Signal line upward U trend just crossed into positive, fast line bullish (consolidation)

 

-RSI: Slightly down but consolidated and still in “overbought” territory

 

-D.O.W.?: Wednesday to Thursday

 

-Candle closing strong? Strong

 

THE MARKET IS ALWAYS CHANGING, AND SO SHOULD YOU.

 

 

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