I forgot about this one and missed the first move. I'm glad TC2000 doesn't make burglar alarms, I would have been robbed blind by now! Does anyone else's work???
I entered once it rested for a moment and sold some into the first spike. I left the rest of my position in and closed it once I saw that the 58.00 level was holding.
I need to stay away from this stock, it moves so fast that even if I timed it right I still may not get a good entry. My first attempt I tried to enter right above 67, but rose 0.30 before it got filled. Since I didn't like the entry I closed my position and waited. Well, I entered again to anticipate the bounce and I was just a tad bit too early and closed it.
I know I could have waited but money comes and goes quick with this stock. Any suggestion on how to trade these highly volatile stocks? They can be extremely profitable. But the revers is also true. Thx.
Execution detail:
What can I say, I like insanely hard tasks ;)
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what were your setups? with high spread/thin stocks like this one you just have to be flexible with your stops and dont go for home runs, just take smaller more conservative positions where you can keep a looser stop, from what ive found atleast.. but as far as this feye went today there was a good quality setup on the 5min with a multitap bo over the 68.50 area which is a much better setup than the early morning chop you were trying to time right- something insanely hard to do..