With all of the markets seeing red today the trading waters were not ideal for jumping in. On top of all the red in the markets I also failed to see a decent entry for any of my picks on the list I'd made the night before.
So, rather than find myself chasing a stock I opted for sitting today out and watching. Sure I didn't make gains today, and I missed out on a crazy OTC runner today (500% to 800%)... but I didn't lose capital either.
I'm doing my best to follow a rule that Timothy Sykes has said multiple times throughout his videos on YouTube. Trade like you're retired. Trade like you're a sniper. It's okay to not trade.
Bottom line, don't risk your money! Trade the set ups with the most potential to see gains.
As for tomorrow I have a few that I'm watching. Two that are leftover promotions from last night's watch list and the other is the 500% - 800% gainer from today. Not going to trade the $PPCH gainer, but I'm curios to see how, or if, it falls apart tomorrow.
A/H trading with $MELA suggests that this promoted stock with move tomorrow, but we will see.
$MELA gapped up huge in the opening and didn't let up, I wasn't able to make a good entry without it being me chasing and I didn't think I'd see enough gains to make a 10% move... I was right too as it didn't go much higher than the gap up and what would have been my entry. A nice pump for sure.