What an exciting week it’s been!
Last week I picked HMNY as a good buy at $12.45 on news that subscriptions to their movie service went from 600k to 1m and I watched it hit $13.80 the next day.
On Monday I paper traded MARK after scoring it an 80 on the Sykes Sliding Scale (SSS). I paper dip bought it at $6.56, paper sold half at $7.25 and paper sold the rest at $7.57 all in the same day. MARK had Q3 earning that said their AI revenue went from something like $500k in the previous quarter to $2M in Q3 and they up their expected 2018 AI revenue to$30m. A Seeking Alpha article title Remark Holdings’ KanKan May Be Worth $10 Per Share also hyped it up. Today it closed at $9.15
(Mental note: Good news and earnings can run for days!)
On Tuesday, November 21 2017, I had my first real win trading EKSO!
I scored EKSO an 82 on a dip buy if it held $2.81. I bought EKSO at 9:42 for $3.41 per share, 8 minutes later it broke out on decent volume. I watched it hit $4.69 per share but then my buddy texted me to let me know he was coming over and I got distracted and the price dropped down, I held through the dip and ended up selling for $4.04 per share which was an 18.5% profit! Even though it was only a $20 profit because I only had $118 in my account, I was so fucking stoked on my first win.
And this play actually made sense, the volume and volatility was manageable and the upward trend continued all day!
Today I played SRAX, I slept in like a whimp today and got to my laptop at market open at 6:30am. SRAX had spiked to $7.49 pre-market and I watched the morning panic right at the open but I was to groggy and missed the dip buy even though that was my plan. I scored it an 87 if I could buy it at $5.20 and a 79 at $5.5. After the morning dip it spiked to $7.4 and I thought I missed my chance but then it dipped back down and held $6.00, I bought 90 shares at $6.26 on the way up.
I didn’t sell into the first spike and it actually dipped down as low as $6.06 again for a moment, after that it was a slow but consistent grind up. The next spike was $0.01 more then the previous spike but there was lots of resistance between $6.50 and $6.65. I ended up selling into the next spike at $6.80 for an 8.6% gain. I wanted to take a single even though it was up trending. By the end of the day SRAX had broken the day and 52 week high and closed at $7.70.
But I can’t be disappointing about taking a single. This is a raging bull market and at other times an single is best case scenario and hindsight trading is always 100%
I am so stoked to have my first two wins back to back! It proves the dream is real! And it only took 7 real trades to take my first two wins!
My buying and selling where good on EKSO and SRAX, I patiently waited for dips and sold into strength.
On EKSO I learned to sell when the price action tops out just shy of the 52 week high on a steep spike and on SRAX I learned to be patient with upward trending charts.