Big Wave Trading video lesson for Monday’s stock market session.
My stock picker continues to be broken on speculative plays as our most recent play is an immediate failure. I am glad I place less and less capital into these things as time goes on but the disappointment grows greater and greater each time I see one of these nice setups fail. It makes it even worse that when one does setup and it isn’t as perfect as other setups that I end up passing on it and it ends up being the one that rockets 150%. Welcome to the game/art of speculation. It’s an adventure for sure. I have another speculative position in the Medical industry that I am going to try to get in anticipation of a big breakout. If it fails, this time, we will literally lose nothing. My best guess is that the stock will immediately hit my stops and then reverse and run 5% on Monday. Have a great weekend. Aloha.
New Speculative Long Positions: QTNT (1%)
QTNT – Final cut loss levels: 16.80, 16.60, and 16.30.
Sells:
100%: CRIS – Definitely not acting like FLXN or CRMD, cutting losses.
