Let start with $SUNE. This ticker is huge sell off premarket. My game plan is to see how it act out of the gate. Market open, pop to $5.00 and fail, then $4.82ish fail. That give me a confirmation of "HIGH" and "LOWER HIGH". I start in short risk the $5 and give me room to add up to $4.8ish. Remember this is SELLOFF premarket and bad news on yahoo. So my conviction is strong...
Holding my short average ~$4.68ish. I take off some at $4.50ish for safety because I saw the drop to $4.35 and come back up.. Then the fun start to kick in, pop to $4.60ish and drop below $4.45. At this moment I am strongly see that it's moving in my direction so I load some more short and cover some at $3.90 big drop. I'll add all pop using the house money and risk $4.10 or $4.20ish then I cover the rest at $3.56ish.. I miss the $0.50 easy drop.. Overall great profit....
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Next trade is $EARS. This is overextended chart. I start in short $6.95, $6.93, $6.80 because I saw it fail $7.11ish that is the risk level. Quick drop $6.65 but couldn't cover and it's rebound to $7.11 and fail, rebound to $7.11ish again. I saw the move "HIGHER LOW" and "HIGHER LOW" and it not doing what I want it to do so I exit the position at $7.11 for a small $200 loss. Once I start to cover then it's start to drop to $6.52ish. This trade plan is good but I am not patience.
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