Bought this stock at the RCT level. Wanted to test this pattern after hours to see if it works better then premarket with the current market conditions. It spiked a little, but stayed pretty flat and started to consolidate, so I got out with a small win as it seemed pretty heavy on the Level 2. RCTs are not moving as much in this market. Stick to the box-checker RCT plays.

This was my first dip and rip pattern trade and it was well executed. Bought this stock after it spiked during premarket, dipped at the market open (after setting a HOD), then spiked back up to the HOD level. Stuck to my risk and gave this trade some time to work, and it started to spike up to the $1.30s. Had all of the criteria for a box checker DNR; big percent gainer, first day gapper, low float, 10x float rotation, and has a news catalyst. Got out with a nice single. Great trade overall.

RCT entry on this morning spiker. Volume was coming in fast and it was gaining momentum. I thought it was going to continue to spike after the RCT level, however, it failed and starting dipping quickly. Tried to get out at my $30 risk, but moving too fast. Another RCT loss, as stocks have been spiking and failing quickly during premarket.

This was a chase during the second spike in the afternoon and an undisciplined trade. This stock spiked up the $14.40s from $12s and I missed my initial entry at $13.15, so I chased the second spike and it ended up failing. Cut it for a $1 share loss. Good lesson on not to chase these spikes, as they can fail and dip down quickly.

Bought this stock when it hit the entry point from Tim Bohen's webinar and its news with the US Army. I was watching this stock during the day, as I was going to play the dip and rip pattern, however, it did not hit the entry until later in the afternoon and failed. This could also be a HOD breakout play. This was a very slow mover and was not doing much but consolidating, so I cut it for a small loss.

Bought this stock in the afternoon on a dip with the thought process of it having a bounce back toward the $4.25 HOD level. I stuck to a tight risk of $.20 and got out when it started to dip down toward my risk level. This also had good float rotation and volume, however, it did not do what I wanted it to during the trade. Good lesson.

Trade

Trade

I was right in thinking that this stock was going to bounce when it was dipping near the VWAP level into 7am. My entry was late, as I chased it into the spike. Ideally, the best entry would be in the low $8s and sell into the spike. Both times I bought this stock, I was stuck in the trade while it was consolidating. Good lesson.

Bought this stock at the RCT entry level after hours based on its news regarding its busines combination with Appiled Digital. This stock was vertical and spiked quickly when the news came out, so I thought it was going to spike past the RCT entry level ($8.95). It only spiked slightly above the $9.30 level, then started to consolidate. I cut the loss when it broke the $8.60 support level. I will keep it on watch to see if it gaps up or down tomorrow. Good lesson.