There have been 3 huge runner stocks this week – ZSAN, RKDA, and DXR. I somehow lost money in ZSAN, had a couple of great trades in RKDA, and 2 more excellent trades with DXR on Thursday. A couple of points, yes I lost in ZSAN, but I took the loss quickly, it would have been a good trade as it bounced big out of the area I was buying, but this is trading. Take the small loss and move on. I know I’ll make it up soon. Also, know your SPECIFIC trade setup, within the TECHNICAL CONDITION of the stock you are monitoring for setups. I’ll get more into that with subscribers. And also, a #1 and a #2 EA are both tradeable events, but understand they are also part of the PROCESS of tops and bottoms – ZSAN, RKDA, DXR. So if you are long use that recognition, and if you are looking to short, also use that recognition.
The DXR details are in the charts. I have different setups for different conditions, the first buy at 12.97 was to me a reaccum area, and it turned into a huge runner. I lucked out. Also notice I always plan my trades exactly, right or wrong:
Initial 1/2 profits, and move stop to scratch, stock soaring and halted:
The thing was flying, and I was trying to “guess” where the top would be. Of course I sold too early, but look at the last chart below, that’s where I came up with 19, pretty good guess….:
…as the stock started putting out the huge red volume and the EAs:
The cocktail glass represents where the StockTwitters knew DXR was going to 100, and they would all be rich:
I used the EAs to setup my next play, sold it way too early, but I had my plan mapped out, with the SPECIFIC trade setup:
But as I was watching it play out, I was also very cognizant of the potential for the upthrust, exactly what it was: