MDGS Trade on Jan 8, 2021 09:40 from yoosh: Tradervue User Stock Trades.

8:30 - $MDGS - Low float 14M low market cap 45M. News about it moving into the EV sector. Pre-market high of $3.50. Definitely worth wathcing

I tried playing my new pattern which was buying the the open level after it dips at the open, however now that I realise, I want to see maybe about 5 mins of dip then to see it re-claim. I think this would show the buyers are in control.

I saw the higher low being made around 9:38am and thought that this would rip up. It rejeted and I cut my loss. I went in again for some reason though because the low was $2.8 and we had not hit that level yet.

If I had followed the 9:45 rule I would have been safe. However If it had worked, my risk reward for buying near the reclaim and then selling at pre market highs of ($3.50) would have been almost a 4:1.

Sometimes you lose and that is okay. It is part of this game. To play the reclaim, I definatley want to see more down side before the reclaim.