Noob Trader is a blog about day trading, stock market, shorting, breakouts, penny stocks, making money, and learning
Showing posts with label WAVX. Show all posts
Showing posts with label WAVX. Show all posts
Tuesday, April 15, 2014
Another Breakout Example - WAVX & SPLI
So today the big stock was WAVX. I did play this stock but I was too late both times. Each entry I was only .05 -.1 up before it tanked and I didnt have time to take profits. But it's another good lesson to learn, don't chase and take early profits. This stock showed up on my alerts this morning but I didn't act on it, like usual. I saw that stock as it broke 1.27.... Anyways, I did learn another window to keep up during trading and thats the volume alerts on EquityFeed. Look at the chart below and see if you can see all the resistance/breakout levels. Post them in the comments.
Towards the end of the market day Tim alerted us to SPLI. This stock spiked all the way to.086 so I could've profited more but I took early gains like should. I got in at .0746 and out at .083. It ended up being +$109 which helped cover some of the losses from WAVX. While I was negative for the day, I am still learning and my losses have been down and gains have been up. Won't be long till I start profiting haha.
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