Amazing the profit potential of penny stocks!! In what other industry can you completely fuck everything up and still make money?!?! I traded $VSR soooo poorly yesterday and left soooo much money on the table I should be kicked in the head. BUT!! I still made decent money, amazing..
I should just cut and paste the plan each day, same thing today though it is starting to evolve. A lot of these Ebola plays are finally starting to come back to reality. Bummer is I don’t like shorting on Fridays plus the potential for crazy news over the weekend is super high so NO WAY will I hold overnight. Some of the Ebola junk is up pre market but nothing crazy at this point. My plan will be to short into parabolic moves only, if they just grind up I’ll stay away and wait till Monday. May try some oil and gas longs if they look good. I also need to leave at noon so could end up being a slow day for me.
So maybe today is the day some of the Ebola hype starts to fade. All the hot stocks were spiking huge after hours last night but most of them are coming back in this morning. I’m gonna stay extra cautious though, I’m scared of some sort of fake out. I would much rather short late day after there is some confirmation versus trying to catch them this morning.
I may regret it, but I really foresee a quick drop at the open then they will all grind or even potentially spike back. I’ll be watching and waiting to short the weakest of the bunch.
Well basically everything on my list is Ebola related. That being said, I’m terrible at buying and even if I was good at it I would never go long at these levels. Of course the spiking has yet to show any signs of slowing so I will not short either. Great plan eh?? But I refuse to get caught in the front side of these moves. I’ll wait for the hype and the price and volume to fade in these Ebola plays. At some point some other natural disaster, international crisis, or celebrity nude photo hack will crop up and everyone will forget Ebola. I’ll wait till then. I’ll spend the morning watching and scanning old watchlists to find faders.
Very handy tool is google spreadsheets, super easy to quickly click through old watchlists and see the price auto updated.