MNPR Trade on Aug 19, 2020 09:59 from reverselong: Tradervue User Stock Trades.

I was up all PM and shorted WATT for about $300 in gains, but it wasn't to my liking 100% from the recent spike history, so I got out a bit early. It ended up working the way I would have liked and was a solid short all day. Either way, I was looking to trade the open, since the PM was dead. Michael Goode mentioned this one was up a ton and he was looking to short it. I checked IB. IB had shares. One thing I know now from studying like crazy (I've watched every single Goode webinar) and observing - is that Goode is very risk averse and trades super cowardly. At first when I saw the float of MNPR was only 2.3m, it was a no-go. Then after looking at the news - had none and spike history (fails to hold spikes and better yet, almost all PM spikes) I decided this was the play. After looking at the top gainers and browsing around what was in play, I decided this was the one. It was still up quite a bit and was looking like a fader since it failed to rebound after the open. I opened a short and added a few times. I covered about an hour later after the crack for a solid $1300 gain. Together with $WATT it was a $1600 day. I also lost $25 on shorting $VUZI out of boredom which was stupid. At one point I was down like $500 on $VUZI but it reversed and I minimized it. Can't be boredom trading, gotta stay disciplined.

With MNPR, if I had to go back, this one made the perfect PM short. For some reason it didn't show up on my PM scanner. I think it was because it went to 8. Gotta double check my scanners. Otherwise, I think I did good to wait for confirmation that this thing wasn't going to spike crazy sometime within the first half hour. Size was good too as I kept it pretty small. Later in the day it went up a little to my short entrance area so it's good I covered at the crack where I did. Nice trade off shorting weak sideways price-action waiting for a crack off a junk stock up on no news.