I really like how everything went today from a trading prospective, minus one thing. 1st off as stated
yesterday I wouldn't be around the computer till close. 2nd, since I was away I started using the
E trade Pro app on my iPhone to get a feel for it encase worse came to worse and I couldn't get out of a stock I had that for an option. Through my phone I was able to call the bottom (Buy) and the top (Sell) for SNPK during a dip. It was really neat to be able to call that not only in general but from only having the ask and bid shown on my phone along with other limited information.
I have been following LUXR since I saw it gap up on Monday. My plan was that if it gaped again on Tuesday morning it would be my new gap play. I am happy to announce that I have stuck to my plan! I got home around 3 today and got right on ready to take it for a gap. I wanted to get in @ 1.15 once I saw the 1.16 starting to get taken out. However, this taught me how quickly things can change. I allowed myself to become distracted for a second and missed my entry. I got in @ 1.16 which proved to be a good entry. Then something unfortunate happened... My computer locked up. Not only did this make me nervous because I was in a trade, but that the market was going to be closing in 5 minutes. It was a good thing I learned how to use my phone today! I pulled that out while I was in the midst of a restart and watched LUXR like a hawk till I was back up and running. I then put my 2nd buy in for 1.18 for an average of 1.17. Now all I need is for a gap in the AM along with a quick and good fill!
Another thing that I found useful today was a little white arrow at the bottom of the Level 2 on E trade. This brings up a buy/sell window right on the Level 2! Gone are the days of fussing around with the buy/sell window trying to get it into a position that allowed me to see it and the chart. 1 less distraction while trading!
As usual here are my watches and plans for tomorrow during the trading day!
SNPK:
Again, I'm going to watch this only. Would really like to try and play a bounce off of it during a dip.
At these levels a big dip is due for any day (I could be wrong).
SNPK Resistance:
2.28 is Hard resistance
2.25 could also be resistance but most likely will gap above that and not look back with the possibility of using 2.28 as support in the future.
SNPK Support:
2.22
2.21
2.19
2.16 ( hit multiple times during the day)
2.09-2.10
Lot's of support for this stock. I most likely will not play it unless I see a good bounce play. This stock has turned into a nice gaper if you have the nerves to play it. Me, I like my sleep!
SEFE:
Again this stock is slow moving so a lot of different levels can be support so I will look for the main ones. This stock may be ready to really start beasting soon with almost 10% gains today. I will look for a morning dip again if one happens and try to ketch some of it gains. I still would rather do that then take this stock for a gap of 1-2 cents. However, as this starts moving more and more the gaps could become bigger and bigger.
SEFE Resistance:
1.52
1.53
It will most likely jump past these points in the Am but may act as support for dip.
SEFE Support:
1.48 looks to be a big support play for the day, it was resistance and then turned into nice support. If I was looking to buy during the day today, that would have been my entry price to try for.
1.45 is the next bigger support area for the day
LUXR:
This is the one I have for gap, my plan is to sell the gap in the AM no matter what! I already have my sell price set for 1.19, if premarket, 10 minutes before open it is still at that price or lower I will cancel my order and set it around or below the bid and take the loss. If it is a big gap down I will either take the loss or if it looks possible wait and see if it will rise to get back some of the loses (This will depened on the level 2).
LUXR Resistance:
1.19
Hopefully it gaps above this price
LUXR Support:
1.16 should be a good support for tomorrow if it comes around that price
1.14
1.12
1.11
1.04
Any lower I'd be cautious of it filling the gap
RSRS:
This stock was said to be an upcoming promotion and SH announced tonight that it was. I may play this one depending on how it plays out. If I can get in around the morning before the volume starts to show up I will. I may put a small amount in right away at open as long as LUXR doesn't keep my attention. I could swing trade this for a day or two if things look nice on it.
RSRS Resistance:
1.12 this is ATH and a breakout buy could turn out to be nice, will keep an eye
1.10
RSRS Support:
1.08
1.05
1.02
Anything less then a dollar would be sell for me. I may put a small amount into this in the AM, my stop loss would be 1.08 - 1.05 depending on the price I get in at. This may also prove to be good entry points.
Those are my main watches/plays for tomorrow. I am hoping to see good results for taking the time to do this. I will put another post up tomorrow with my results along with new watch's I am looking at or plays I am thinking about doing.
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