Bought IMUX Made a bunch of money overnight on a rookie all in trade. Bought HKD around 43 and sold it before open @ 50 Lost a bunch of money since September buying breakouts on the daily. Equity high was 5200$ now .. 4400 thanks to my rookie trade.
What do you mean ? Bought it because it's showing momentum on the hourly, I like the hourly when conditions aren't bullish. Broke out 9.63 on good relative volume. After it had a little reaction. That's it. Looks like sh*t on the weekly, daily. But I think it can double from here.
Part of my process is a set of criteria where I don't buy unless the majority of them are met. Showing momentum on the hourly would be one of your criteria. Breakout on volume another. I woudn't buy because part of my criteria are conditions should be bullish. It's a biotech. (Great risk reward when they work buy any hiccup and you can't depend on getting out anywhere close to your stop.) I like stocks to look good on all time frames. I don't like to see a lot of overhead. But that's only my process, I was just curious about yours. What bought the stock to your attention. Can you walk me through your thought process.