Shared by
VadimT7
To Improve:
1) Exit early if the stock broke the consolidation support
2) Don't enter low volume stocks..**Don't expect the penny stock to breakout on low volume. Almost always, small caps don't move much after 11 a.m. unless there is a catalyst coming out.
3) Definitely don't hold overnight if the 1hr and 30-min charts don't look good (e.g. are in a downtrend or are choppy)
4) After a giant bearish candle and after the penny stock that gapped up goes back in the direction of the gap (down), NEVER enter the trade. Only when volume appears again, then look for an entry. Penny-stocks are momentum stocks.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-11 11:47:14 | PSHG | buy | $5.830 | long |
| 2020-11-11 12:04:10 | PSHG | buy | $5.980 | long |
| 2020-11-11 16:21:25 | PSHG | sell | $5.850 | long |
| 2020-11-12 10:03:44 | PSHG | sell | $5.003 | long |
| 2020-11-12 11:53:46 | PSHG | sell | $5.000 | long |
| 2020-11-12 12:59:19 | PSHG | sell | $4.920 | 0 |
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