Rough day in the markets today. A lot of red, a lot of things that just looked too weak to try and get into. Short blog post, as I think I'll call it for the day going into the holiday break.
[RLOG]
I hit a really early move on $RLOG, got in and out because of a partial fill and because I didn't want to stay up watching it, and it turns out that was the move of the day for it. My thesis was completely wrong for the day though, as once 6am hit, it tanked, and while I was power napping to the open, it would have been a decent buy around .35c and sell into the move of .45c going into the open, but nothing great honestly.
Can't complain much though, never know how these things go, but I felt I was on the right track with the move from where I bought, so was happy to take profits on my tiny position and wait for the next opportunity.
I expected some pullback, but not the huge drop that was seen, and the abysmal trading day thus far shows why you just can't go swinging for the fences. Sometimes it's better to just take what the market gives you and try again later.
[SPWH]
I got out of my $SPWH position because of low volume, and a day that seemed to be trending to the negative side. Thus far, the move that was made I hit, but it was a small move, and well, rather boring.
Not exact markers, but roughly in the areas. Think I bought more towards the top of the spike, but same price and general time of day anyways. I did not want to hold this going into the holiday weekend, so I'm glad I got out when I did, as I was willing to get out for a commission loss need be, as I don't want to sit around and watch this all day.
[CLSN]
I wrote about how I wanted to get in, but I didn't get filled at my desired price so I didn't force it. It would have been a nice sell into $3.20 early on, but I just didn't trust the stock overnight knowing what I do having witnessed the offerings. I also wasn't awake for the 7am-9am premarket range, so I'd also had to have stayed up for that, and that would have been hard to do.
I'm sure this ticker will give plenty more opportunities in the future, but for now, it'll probably be back to the long kiss goodnight pattern.
[EKSO]
Pretty over-extended coupled with the type of day it is, I wasn't even thinking about trying to hit a dip buy on this one. Tim had 2 trades on it, but I didn't want to risk an entry today on it, even though I was thinking about a dip buy at the 2nd area. First area was too soon for me, having seen so many other stocks do poorly, I like to wait more for the downside to show it's done.
Even still, you had to work hard for that one, so definitely not a gimmie by any means. Won't look to take any trades on this anymore.
That's it for today. Happy Thanksgiving everyone!


Hey , thx for the info. What platform are you using??
Thanks for the comment! I use ThinkOrSwim via TDAmeritrade (PDT account) and I lightly use IB (normal small account). I strongly prefer ToS charting and overall look and feel, but IB has better commissions for smaller share positions and a wider trange of trading hours.
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