Today wasn’t a bad day but it wasn’t a good one. I’m looking at it as a learning experience. Looking back at the morning I shouldn’t have taken the trade. I was not properly prepared flat out, I launched my trading platform saw the stock was moving and I put on a trade. I was […]
I traded 2 stocks today CHK and CENX. My first trade was CHK I looked at the daily chart and I saw that $6.56 was resistance. So my trade plan was to get long on any push towards the resistance and sell once the stock gets into the $6.40’s. If the price action confirmed $6.50’s […]
CPXX has gapped up March 14th from 1.75 to 6.47 it then ran all the way to 8.95. It held its trend without any really hard pull back. That Changed today right at the open CPXX dropped 50 plus cents from $15.58 to $15. After touching the whole dollar mark it went up to $17.40 […]
This came across my Facebook feed today. After reading it I though how much it related to trading The skilled rabbit hunter knows a rabbit always runs in a wide circle that ends where it starts. You just wait for the rabbit to return to its hunch and shoot it. The same cycles occur in […]
Went Long on RPRX at the open, this is a second day play. Yesterday it went from $1 all the way up to $2.30. So I know a lot of eyes will be on it (Volume). This started moving once premarket opened. the high was 2.80’s and ended up pulling back to Yesterdays close. It […]
Today I missed this trade on ARWR it’s a Biotech that gaped up on low volume and it went from $5.20 to $6.24 in the premakret. After setting what would end up being the premarket high it pulled back to the $5.80’s. I now have my support and resistance in place, $5.80’s is the support […]
This got stuffed right at the open, after making a move in the premarket forming a flattop breakout. It had a quick spike and my plan was to sell into the spike and I was able to get my shares off before Shorts came in and made short work off this. Once the $7 mark […]
NUGT daily chart you can see the support is at $50 and the resistance was in the low 70’s.It gaped up this morning. I was watching this in the premarket, I wanted to see if it would test the former resistance and see if that acts as support. But it kept on moving on the […]
Good setup off the $80 mark size is not needed on this one
4.11.2016 Going Long on LEI, The stock gapped up and from 5.85 all the way to 6.83 before pulling back to the 6.50’s it went sideways but the 6.50 level held. That’s a buy signal in my book.