Video: Daily Market Recap on Small Cap Stocks

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Today we had a handful of gappers including $TBIO and $DCTH and $PBMD.  I was most interested in $TBIO long out of the gates over 2.92 but in pre-market session the stock surged up all the way to 3.30.  I decided to wait to buy until the market opened and in this case it meant paying a much higher price.  I bought at 3.30 right out of the open and road through the pop to 3.44 and sold it flat on the way back down.

I came back and took a few more stabs at $TBIO but in total only pulled about $200 profit out of the name.  I decided to call it a day.  If I can’t pull quick profits in the first 15-20minutes it usually indicates the day will be a bit choppier for me.  The name out of the gates that I missed was $DCTH.  This was I said I liked long over 1.40, and then over 1.44 once the stock popped up a bit more before the open.  Right out of the gates it surged from 1.44 to 1.92.  I missed the quick 48 cent pop on a super cheap stock.  What a disapointment!  I was more focused on $TBIO out of the gates because there was more volume.  Unfortunately I missed the big mover.  I’m ending the week with nice profits and will be excited to come back first thing on Monday morning.

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Ross is a US equities trader with a focus on short term momentum bursts. He obtained his Bachelors Degree in Architecture and began his career working in Manhattan at a design firm. During that time he invested part-time, actively followed the stock market, and focused on refining his trading skills. After 10 years of part-time trading Ross knew the key to success as a full-time trader would be Risk Management, Choosing the Right Stocks, and Trading the Right Chart Patterns. He focuses each day finding stocks trading on heavy volume due to a catalyst such as press releases or earnings. He trades these stocks using simple geometric patterns and strict risk management techniques. In 2012 Ross began teaching the fundamental elements of trading in his Live Day Chat Room He continues to trade live in his chat room and teach trading courses in the evenings. Ross is the chief editor at Warrior Trading News. You can contact Ross at ross@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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