Day 107 - Didn't See Much This Morning But There Were Plenty Of Lessons.

There was much in play today with the exception of shorting $PRKR and dip buying $OCRX

$PRKR there were lots of short signs for this stock. Let me start off by saying originally I had this for a potential dip as it was consolidating from it's premarket highs and today looked to be its 2nd green day so why wouldn't want to dip buy it? Because of the inability for it to rise above the 200SMA. The 2nd sign was the crossing of the 9EMA under the 20EMA. Finally the last sign to short was the stocks inability to rise above its previous lows (support). It gave two attempts to rise back above the now resistance level, but ultimately failed. Covering in the low 3s would have been ideal. Good Lesson.

$OCRX was a tricky stock. Rising 50% pre-market, only a new trade wouldn't think to look for a potential dip buy at the market open. When look for a dip, be sure to measure you risk/reward. Tim bought in the morning around 84.5 Cents at it seemed to be a dip bounce. But when it did not bounce Tim rigorously told his ego that he was wrong and exited at 85 cents to break even. Great thing he did as the stock dipped all the way to 77 Cents. My mistake here was that I thought $OCRX was done. WRONG. Soon after the decline the stock began to rise and eventually, making lower highs along the way, progressed over the high of day.

Point is, You should never assume stocks are finished and you should never enter in anticipation that a stock is not finished. Wait for a clear sign and ride the wave.