Trade of the day, VRNG!!!

This trade on VRNG today was pretty easy based on pure instinct. I have been watching/trading VRNG stock every day for about 9 months now, and know the ins and outs of it without looking at a chart. There is a picture snap of my tweet below before I bought it. Went long 2500 shares at 3.00, and sold it at 3.45 when a gravestone doji formed, that pretty much told me this upward breakout might be over for today. But, the day wasn’t all that great though because a small percentage of my capital is stuck in LPH when I was trying to catch the bounce during the sell-off.

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.

Trade of the day, VRNG!!!

The chart picture above is VRNG 3 months daily. I had a limit order to buy 2500 shares at 3.05 of VRNG every day for almost the past month, just in case it had a little dip/sell-off. VRNG has a very strong support level at 3, so I figured if it sold off too quickly for some reason, I’ll be able to catch a quick bounce off 3.

Well today it happened (above picture), and I got filled 2500 shares of VRNG at 3.05. After I got filled I quickly placed a stop at 2.98 just in case it kept falling apart. My level 2 screen showed a huge bid for a second of about 250,000 at 3.00 dollars a share. I knew the support level of 3 wasn't going to be taken out soon after I saw that. My profit target was 3.30, but sold it at 3.25 when it formed a shoot star candlestick pattern and then struggled to inch any higher.    

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.

Trades of the day, VRNG and HUSA!!!

When I saw VRNG get this huge spike with volume to match it I knew no way it couldn't be a headfake no matter how far it retraced back. So I looked at my 1-minute bar chart and went long the second it pulled back a bit after a few bars. I decided to buy 1000 shares @ 3.05 and placed my stop at 2.94. I wasn't going to sell this stock until the end of the day or if it hit my stop at 2.94. It worked out perfectly and I ended up selling at 3.82 for a nice profit of .88 points.
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Bought 5000 of HUSA @ .5110 after it retraced back somewhat after it opened higher up on a gap. Placed my stop at .485, moved stop to .535 after it broke through intraday high of .58. I had to sell it about an hour after that because it hit my trailing stop of .575. A nice gain of .064 points.




If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on twitter @tradermike9. Well anyways, remember to Vote!!

Trade of the Day, VRNG!!!

Bought VRNG @ 3.28 after it broke through a strong support level at 4, so I had to catch that Dead Cat Bounce. I used a basic 1-minute chart to find the hammer and volume confirmation for the possible bounce. I placed my stop at 2.98 after I got filled @ 3.28. When it got to 3.70, I moved my stop to 3.48. My profit target was 3.90, but the stock started to get a bit to choppy for me, so I just sold it when it had a weird pullback on the 1-minute chart @ 3.57. It did end up hitting my profit target at 3.90 at around 11:55p.m est today, but I already sold it. Look what happen, it ended up collapsing more, then getting halted...LOL! Thank goodness I sold it without me being in that halt. Scored a .29 point profit off the trade. 

I tweeted this trade in realtime today, so if you want to see my trades during market hours just follow me on twitter @TraderMike9.