I had plenty of trades today, all but one of them in SNSS.
Daily profit: ($479.00)
Weekly profit: $388.14
SNSS 1-day chart
SNSS 2-day chart
Trades at IB:
+ BOT 4,700 SNSS false Stock 1.487 USD ARCA 09:29:48 23.50
+ SLD 4,700 SNSS false Stock 1.494 USD ARCA 09:30:56 23.50
+ BOT 4,000 SNSS false Stock 1.550 USD ARCA 09:32:34 20.00
+ SLD 4,000 SNSS false Stock 1.500 USD SMART 09:33:22 20.00
+ BOT 4,000 SNSS false Stock 1.570 USD ARCA 10:01:23 20.00
+ SLD 4,000 SNSS false Stock 1.611 USD BATS 10:03:18 20.00
+ BOT 3,000 SNSS false Stock 2.020 USD SMART 10:45:22 15.00
+ SLD 3,000 SNSS false Stock 1.957 USD SMART 10:46:21 15.00
BOT 2,500 JYHW false Stock 0.6400 USD SMART 15:48:24 8.00
Disclosure: Long 2500 shares of JYHW. No positions in anything else 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.
What was your stop when you were using the resistance of 1.80?
My mental stop was 1.80 … it should’ve been 1.82.
Nice video report.
This Sykes strategy is becoming so well-known that can finish to work… yes or no?
Have a nice weekend!
Well stated comment about S/R levels (they work when they work, as you just don’t know when they will).
I have this theory that on range bound days, all of the day traders are looking for “anything” showing some action. And usually a stock like SNSS will get noticed and then everyone will pile in.
Best to get long on these types of stocks on those kind of days (range bound with little other action). They can and do turn out to be great shorts as well.
MM