Trade recap for Friday the 13th: Previous resistance becomes support; set stops accordingly

I have to be the only one to lose money going long NLST today. Oyvey.

After recording the video I bought 50,000 VGPR at $0.0201 and sold 50,000 at $0.021  +$23.62 realized

BOT    2,300    NLST    false    Stock (NMS)    2.3200    USD    SMART    09:32:00        11.50
SLD    2,300    NLST    false    Stock (NMS)    2.1700    USD    ISLAND    09:33:56        11.50
+    SLD    200    VRMLQ    false    Stock    23.500    USD    SMART    09:34:01        1.00
SLD    200    VRMLQ    false    Stock    22.90    USD    SMART    09:38:04        1.00
+    BOT    2,300    NLST    false    Stock (NMS)    2.337    USD    ISLAND    09:43:37        11.50
+    SLD    2,300    NLST    false    Stock (NMS)    2.280    USD    SMART    09:44:34        11.50
+    BOT    2,300    NLST    false    Stock (NMS)    2.430    USD    ISLAND    09:46:39        11.50
+    SLD    2,300    NLST    false    Stock (NMS)    2.453    USD    SMART    09:47:42        11.50
BOT    1,000    IMGG    false    Stock (OTCBB)    1.6400    USD    ARCAEDGE    14:14:35        5.00
SLD    1,000    IMGG    false    Stock (OTCBB)    1.6500    USD    ARCAEDGE    14:22:40        5.00
BOT    50,000    VGPR    false    Stock    0.0200    USD    SMART    14:56:19        5.00
SLD    25,000    VGPR    false    Stock    0.0220    USD    SMART    15:02:48        2.75
+    SLD    25,000    VGPR    false    Stock    .019    USD    SMART    15:26:42        2.42

Daily profit: ($99.86)

Weekly profit: $3264.56

For Livestock viewers, here’s the Grand Canyon from a helicopter:

helicopter

Disclosure: No net positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

0 thoughts on “Trade recap for Friday the 13th: Previous resistance becomes support; set stops accordingly”

  1. I just watched the video, I know this is a somewhat inside joke but why the hell was the Joe Biden “God Bless America” playing?!?! I’ve had weeks off and now thats gonna be stuck in my head all weekend, you bastard!!

    1. I made plenty of mistakes Friday, but not holding onto IMGG was not one of them. If I’d held I would have a $200 loss vs. $0. No way would I want to hold a stock that dropped 25% from its highs when it was up 100% in two days. I played it for a bounce after the drop and my entry should’ve been a little lower and I definitely should’ve sold 1 minute sooner, which would have left me with $90 profit. The stock Likely tanks Monday.

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