Ditracted with MYO while this stock from my watch list had a great morning spike. I was a bit spooked from yesterdays end of day price action. I was able to get a piece of the move. This was a chase but I figured that it could at least retest the previous day high of 2.60 so I decided to risk $100 to make $200. lots of sellers at 2.60 so I got out for a small gain.

Trying to chase momentum of a low float, with nice uptrend premarket. No catalyst. Risking 3.23 sell target 3.50's. Stopped out, no spike

Bought earnings winner, %gainer, Low float 4.6M, on a small dip. Support at 4.00, resistance 4.40. Work got in the way and I had to take my eyes of the screen and I stuck to my plan and sold at 4.00. All markets opened red, need to keep my focus especially at market open with an active position to cut losses sooner.

Saw this morning HOD break and chased. Had nice reaction to news, lower float 20M, massive volume 14M in first 15 minutes, hot sector biotech, multi year b/o above 3.00. Risking .10 to make .20. Lots of resistance at 3.80 cut losses quickly, out for a small loss.

8:15am watching premarket % gainers and spotted TEUM. There's a fluff PR about a contract win. TEUM is low float and has a history of spiking. Looks like this stock could spike, volume looks good. Long term chart is terrible from 5 down to 1. Looking to buy after market near support and selling into spike over 1.30. 9:36 TEUM hitting resistance at 1.27, failing to break the day high. Sold at 1.25. I consider this a scratch. Glad I sold, stock was down trending all day currently 1.10.

Entry: Positive reaction to FDA news, nice volume, big percent gainer, low float 16M, holding 1.50 support. Buying HOD break 1.65 for morning spike with risk at morning support. Exit: No spike, started to fade making lower highs. It wasn't doing what I wanted. Sold when mental stop was hit. Stock soon rebounded and broke morning high but I stuck to my plan and cut losses. Probably won't trade this strange FDA news in the future, very choppy.

I took a long break from trading and just watched tickers on my watch list during the market open and close. I bought this earnings winner up 25% premarket, had good volume, had nice support at 1.60. I messed up the sell order and only sold 100 of my 1000 by mistake at 1.79. I realized that I still had 900 shares and quickly sold them at 1.7296. I was still positive but lost out on some profit. GLBS then went lower all day and closed at 1.30.

Looking to trade this low float, hot sector, top % gainer, huge volume, stock at the open as it broke the HOD 1.80ish. I bought at the morning b/o at 1.83 and I kept my risk really tight at 1.80, looking to sell around $2.00. I sold when the 1st morning spike failed for a very small loss. I was on the right track because it was a delayed morning spike and did b/o 15 minutes later at 9:55am and hovered around 2.00 and then went to 2.60.

I was looking for a bounce but exited when the trade failed. I got a small bounce but failed to sell and then went negative. I had my sell order set at $3.00, but the stock dropped as soon as it hit 2.94. Rule #1 cut losses quickly, so I exited for a small loss.

Stock was on the top of my % gainer scan and is a low float. Showed support around 2.40 and upside of $3.00+. I exited early just before the secondary spike but glad to lock in a profit. I'll make sure to give this type of trade more time in the future especially when price action is this strong. Thanks to Dux for sharing his strategy on this setup.