MIST Trade on May 1, 2020 14:29 from _cup0fjoe: Tradervue User Stock Trades.

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_cup0fjoe

 

Came back to see what todays morning movers and all of them had fading action mid-day. Looked like shorts could profit and since penny stocks are all trash of stocks, I just stood away. I saw $MIST on top %gainers and approaching to a NHOD breakout. The volume and intraday chart was all I liked from this stock. Didn't like fact that it was high float(22.8M), but gave an eception due to the high volume and close to passing it intraday. I knew I had to be super patient with this and not be quick to enter since there are many buyers/sellers at every lvl. Also did not like that there no news/catalyst. I went with tiny size and super tight risk. If it went against I would cut it. Got in at 4.12 risking 4 lvl. Was never down on the trade and got the ripped to a NHOD right away. I sold immediately into strength and did not stay my welcome because as mentioned before, these are penny stocks and also no catalyst. Had this been a low float (>5M) with a catalyst and overall markets going up on some postive macro news and it post 15:00 then I would have been more patient and hold into a/h. Two green trades out of 2. Great start to the month. As I write this (14:41), it looks to be the backside, just hit 3.90.


Execution detail:

Date/time Symbol Side Price Position
2020-05-01 14:29:09 MIST buy $4.120 long
2020-05-01 14:30:18 MIST sell $4.330 0


Comments

Gravatar trenddesign85
2020-05-03 19:20:38
 

That was a really good $0.23 capture over HOD!

2020-05-03 19:28:38
 

Thanks, not my ideal setup thou. Just grateful as any money you can get out the stock market is a blessing.

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