I haven’t been blogging a lot lately. Just didn’t feel that it’d be worth going over $0.01 and $0.02 cent gains. The $0.01 to $1.00 stocks tend to move on news then come right back to where they started from. Not a lot of price depth.
I’ve been trying to get better at locating support and resistance as a stock begins to bottom out. Reversal trade plays like the one I took today require a lot practice and observation. Trying to caught a falling stock is risky!
Leading up to today’s trade, I knew that others were looking at $NWBO for a bounce. The price dropped last week and no one really knew why the stock was falling.
I noticed it was one of StockTwits most talked about companies last week. I was expecting to see strong volume at the open and for it to remain above last Fridays close. As the stock tried to retest the lows around 10:08am, it appeared to hold up. A bullish sign.
Things are starting to come together after 13 months of trading and $1,000’s of dollars spent on educational material. I’m still using TC2000 as my charting software. I’ve just started using Trade-Ideas as my scanner.
Below are my trading results for this month. Just one loss. 🙂
I’m taking it slow. No expectations, just a lot of motivation.
Trade #100 – The EndDecember 3, 2015
Trade #99 – Nice BounceNovember 30, 2015
Trade #98 – PrematureNovember 18, 2015
Trade #97 – Misguided FocusNovember 17, 2015