Trying my first self-identified scalp today based on charting. Super super basic plan, not complicated at all. JAGX, in at $0.78. Will sell when the EMA8 crosses EMA20
What was the price when you bought and what's the reason this particular stonk appealed for the test?
Just based on your time of posting and my very little chart reading skills, I'm guessing you got in around .804 and if you stuck to your plan, back out at about .825?
Bought 1,000 at $0.78. 5 minute chart, tracking mostly EMA8 and EMA20. Theory I’m following is you buy in when the 5 minute bounces up off EMA20, then ride it until EMA8 line crosses below EMA20. grey oval is where I bought. Green line is EMA8, purple is EMA20. Still in it. One thing I don’t really understand is how these guys identify swing candidates vs scalp candidates. Longer term charts?
If I’m going to do this with any sort of regularity, I’ve got to learn to set specific alerts. Sitting here and staring at this all day afraid to walk away sucks ass
Are you using TD? I know you can set buy and sell shortcuts in WeBull, I think based on alerts. I've seen one of the Atlas guys talk about it but haven't researched it too much.
scalpers keep pumping it up about $0.50 then dumping it, but with the heavy volume, it seems the floor keeps getting higher no clue what’s gonna happen, but still chillin
Put a starter in for CYRN and it has climbed .09 cents today. May have to start loading up in anticipation for next weeks meeting. Low float
Here's the downside of this: if you're working on a cash account, you've now got $800 waiting for settling, for a $30 gain.
Been in since .65, sold most at the pop to.83 today. Will add back more in the mid to low .70s. waiting on covid pr then I'm looking for a dollar
Yea it’s not a practical thing to do for small cash accounts at all. Juice not worth the squeeze and the opportunity costs could be large.
One of the twitter guys has it as his number 1 swing play for August. I should’ve just held on to my shares but wanted to try that scalp. Will definitely buy back if it dips tomorrow
I think the play, for us, is to get comfortable in using it in option runners. That's today's FB movement. If I'd used the EMA8-20 theory to track this one, I'd have held, even after a decent gain...for a massive gain. The "bounce" just under 250 is where I got in.
lol @ pretending the SPAQ pop today had anything to do with anything but Henrik tweeting an announcement is coming.
Gonna try it on a smallish option next week when funds settle(hopefully from a massive SPAQ sell off). Follow a guy on Twitter that does really good option scalp calls. Posts as he purchases and sells, the strike, and his price. I'll wait for one of his to match what we're looking for because I have no idea how to find them for myself. Check his tweet history https://twitter.com/TheOptionsWolf
What a beauty dropped my average from losing money at .18 to .14 and already in the profit. Thank you to whoever dropped it from .165 to .10. I could cry right now.
These twitter guys are clowns man. Always in such a rush to be the first to post something so they can claim the “call” later, now probably 10 times this week somebody has outright posted the wrong ticker, or old news as breaking, and one dude just posted “earnings BEAT” from a stock and turns out it LOST $0.30 vs estimates of losing $0.16.
Reaaaaal sketchy rumors out there that something is cooking with $RKMSF. Literally just a message board post
One thing I like about this dude is he isn’t claiming $1M every day like some of the others. He’s talking hundreds here and there it seems
bear trap to buy all the stop loss cheap shares? back up to $2.30ish no news yet on fda approval...gotta be imminent though
Yeah I unfollowed a ton after I realized most of them have no trading experience/background and are like glorified college kids pumping everything
I went back and looked at Shar and Stan and they went out of their way to try and tank RVDO because some girl in the company told Shar to chill out on twitter.
Tried to follow that OptionsWolf guy today on a short term TSLA put, missed my limit order by $0.1 and never filled. My $700 option would’ve been $3500 now, 2 hrs later
bruh...a second bear raid on trvn, dropped below to $2 again then instantly back to $2.40 this is crazy
Stop losses are great and terrible at the same time. I had one set at $3.73 on ACER, and I never saw it even dip below $3.80 (chart shows a $3.84 bottom), but it triggered and now I'm out and it's in the $4.60s. So mad but lesson learned.
Question from a guy who doesn’t know much about stocks. Is GEVO pretty much just a dead company in death throes right now, or would it be reasonable to buy some shares right now for a long term gamble?