My overnight trade with $ULTR turned out to be a big loss. I've ran into this before with other trades were my sleeping schedule makes it extremely difficult to be at the market open here on the Westcoast at 6:30am. I truly think that when I make the move to real money I am going to need to just stay up for the open and make my trade, then power nap before work etc.
Even though I cut losses as quick as I could and now that I'm looking back at the chart and seeing the gap down, I think I wouldn't have done much better.
I haven't had much luck with stocks under $1. The risk seems higher and I find myself getting burned more often than not.
I didn't like any of the percent gainers for the day and decided to sit out the Tue/Wed trade window. I did scale into my short position with $PRGN however because we saw a nice short squeeze today. There is no way that the stock will not crash soon. I can see it dropping to the $0.25 levels during this week. When the time comes this short play will be great. Only wish I was in real money with this one.