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@iheartstocks
Druidwolf21
Student of The Market 👨🏽‍🎓👨🏽‍🎓 Day Trader for the most part 📈📉 A better SHORT 📉📉 than LONG 📈📈 Before you come attacking, unless stated otherwise, my assertions are strictly INTRADAY..
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FIRST TRADE OF THE YEAR..
I can't even remember what the catalyst was. made it's move premarket. First Green Day too, great mix!!.. Strong trend from premarket right into market open. Usually i'd like to see it dip just a bit before open to enter. It didn't happen this time. To make matter worse was deluge of halts right into open.
Volatility Halts are a DOUBLE EDGE SWORD: they are awesome for making crazy returns when you get in early. Likewise, will ruin you if you're unfortunate enough to get in at the top. Neither is there knowing how many halts are going to happen nor where it's all going to go wrong.
FF, entered at $2.37
Out @ $2.77
ROI: +18.37%
Initially had my exit price at $3.05.. hindsight, it would've been a disaster.
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The kind of play that can set up up for LIFE!!
HAD TO DO A DOUBLE TAKE TO BE SURE!! (NO, I DID NOT TRADE THIS)

$SIMPQ (THE RARE KIND OF PLAYS THAT SETS ONE FOR LIFE)
It's been a while since i saw anything move this crazy. In OTC land, it is not that strange to see such price PARABOLICS. Here is stock that has filed for Chapter 11 BRANKRUPTCY and has no reason whatsoever to move this much.
Their catalyst: "Simply is the parent company of Simply Mac, the largest Apple Inc (NASDAQ:AAPL) Premiere Partner in the U.S. Simply Mac is an authorized reseller of Apple products, as well as a provider of warranty repair services.
The Apple reseller filed for bankruptcy last month. According to multiple reports, Simply announced that it commenced bankruptcy proceedings on June 14. Concurrent with the bankruptcy filing, the company also terminated its CEO and CFO.
A week before, in preparation for bankruptcy, Simply sent a letter to employees stating that it would be shutting down its operations and terminating all employees, effective immediately, according to a MacRumors report. The letter also reportedly noted that Simply would be unable to pay employees tomorrow or in the future.
Simply acquired Simply Mac from GameStop Corp (NYSE:GME) in 2019. The company attributed its downfall to the COVID-19 pandemic which forced the company to cut half of its workforce and close several stores". - BENZINGA
On Thursday (07.07.2022), opens at $0.012. Ready for this: BY MIDDAY IT WAS UP TO $3.85.. THAT IS A MIND BENDING +31,983% 🤯🤯🤯

THIRTY ONE THOUSAND, NINE HUNDRED AND EIGHTY THREE PERCENT!!!

READ IT, AND READ IT AGAIN!!
Cheers to anyone who caught the move!!
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@etfs07/11/2022
Yes, and congrats to everyone who wins the lottery too, :)
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This felt like a “SCALP”…

  • Run up from premarket into open..

  • Allow it run, pullbkack, find support and buy into the dip.

  • it did find support in the .28s (held multiple times).

  • Afternoon LULL, for the most parts, it’s NOT pleasant.

  • Exit strategy was risk off support and sell into the low to mid .30’s.. Making my usual 8-12% thereabout..

  • when in doubt, EXIT… and thats what I did, price action wasn’t convincing enough so I left with a +4% ROI…
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Back To Following My RULES
$EVFM.... it was a good trade. LOTS of liquidity in the premarket. Simple rule (back to following my own rules after last week's disaster):

  • Let it RIP
  • Pullback
  • Find support
  • R|R Ratio
  • Play the BREAKOUT

I've also noticed lately that RR and SS levels on the daily charts are barely what they used to be. It may be season or dependent on my preference of stocks that i trade. Take this one, there's nothing whatsoever i could've played off of. Straight downtrend with no VOLUME. It is NOT just identifying levels, There has to be empiric evidence to why consider that level as either support or resistance.

Lately, at least personally, i am better off using INTRADAY levels.

+14% ROI.. it's not bad..
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I’M PALPITATING…
I pushed it this time, Literally WIPING out my ALL my gains for the month 😖😖😖.. My BIGGEST loss in about 4months.. How come? I got stubborn. Instead of cutting my losses ASAP, I let it run (here I was, thinking I had it in check)..

Yesterday, it was -9%, today this… I’m flat for the month

THIS. IS. NOT. FUN….. I can feel my chest tightening 😫😫😫


I WAS RIGHT…. BUT
WHAT THE HECK!! $SIDU.... I mean i was right after all about the stock yesterday. It had ALL the attributes and greater odds of going PARABOLIC or at least making substantial NEW HIGHS. it had:

  • Low float

  • GREAT CATALYST

  • Float rotation

  • EXTREMELY LIQUID

I only checked this morning to see what was up with the stock and i came upon this.. I WAS RIGHT ALRIGHT, BUT THE TECHNICALS WEREN'T ON MY SIDE. i mean take a look at the chart.

  • HUGE premarket runup
  • Good volume premarket and at open.
  • Catalyst....catalyst....catalyst.. even if it was pure BS, a contract with NASA is a BIG deal.

My plan was simple: "DO NOT CHASE, WAIT FOR THE DIP".... let the profit takers come in and do their thing. It makes sense because there wasn't any pullback premarket, and buying at those levels might just be you overpaying for the stock.

Market opens, a few profit takers do their thing and i start building my position. Then i start getting worried because the VOLUME was just not it.. for such catalyst, the move in price in proportion to the volume was a bit unsettling. I was looking forward to the $3 breakout and take my usual 10% profit and move on... tried giving it time to develop.. So i did the most logical thing, CUT MY LOSSES AND FORGOT ABOUT IT.

Same trend into the close of the session and BAM!! Volume kicks in and just blows past the intraday high with little to no resistance. Premarket into today's session and it is already up +30%. For a brief period during yesterday's session i was considering SWINGING. I wasn't about to risk it.. i'd rather cut my losses quickly than risk it and get shredded.

As much as it is painful to watch, there was absolutely nothing i could do. If you have the slightest idea on how to read and understand charts, you probably would've come to the same conclusion. at the end of the day, you can ONLY do so much with the available information.

Sad, but it is all part of the business.......
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@iheartstocks I the old “right and wrong at the same damn time” it’s frustrating but it happens to us all at some point! I have some similar stories like this lol I’ll comment the link to one here in a sec let me find it
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I don’t know if you can call it a breakout… but I was wrong about it… I haven’t taken a loss in a LONG time… I don’t like it, but it is what it is!!..
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+7.71% on $DAWN..missed the initial premarket run, then the DIP & Breakout.. Didn’t want to chase, waited till open. Bought into the dip at open..
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