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TimAlert - Held slightly longer and waited for it to crash a bit more closer to the .65 support. Eventually closed at .54, but happy with the profits, especially after a $1k lost.
Tim's alerts - took a small position. Waited longer than Tim did and didnt really b/o for the day with lots of sellers.
Entry comments: Shorted morning spike at 5.88. Went to 6.02 before fading to mid 5.5. Internet failed and unable to cover at 5.55 so waiting it out. Stock is looking strong into the close so i'll probably cover before the trading day is over. Missed my target. This is what happens when you trade on your iphone...
Exit comments: I set my cover limit at 5.52 on 10/22, but it only went to 5.53 before spike up to the 6's. Didnt cover soon enough and a $500 profit turned into a $1125 LOSS. :-( good think bc this went up to the 7's later in the wk. Could've been a bigger loss.
Entry comments: Lots of resistance at 4-4.50 mark. Shorted early at 4.19, then shorted more at 4.26. It eventually went to 4.45 ish. Mental exit if it broke past 4.50 of previous resistance, but it never did.
Exit comments: Didnt breakdown past 3.9. took my profits and moved on.
Shorted with Tim as the alerts came out. Got in early to risk pain/suffering, but spiked so got out. It did goto $1 + later that day so glad i got out early. You win some, u lose some, that's the game.
It looked like it was going to break 10.20 support, but it held late in the day and actually spiked to 10.75 ish. Glad I got out bc it went to 11.75 the next 2 days.
Looked like a breakout with good volume, price action and decent news. I think i mistaken bad news for good news since it's been crashing ever since. down to 5/22 as of 10/19. Gotta learn to interpret news better. Glad i stuck to the rules and got out for small loss.
Entry comments: Found shares after the market closed and took them.
Exit comments: price bad so got out.
Entry comments: shorted on descending triangle pattern and overvalue in past 3 months. Spiked to 7.7 at closing of 10/10. Will get out if it breaks 7.8 - keeping my losses small.
Exit comments: stuck to the rules and got out. later it crashed to sub 7 on 10/12, but spike to 8.50 a few days later. Fake out breakout, but good lesson to cut losses early.
Entry comments: small position.
Exit comments: i'll take it!
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