JPMorgains

Having fun with charts

BATS:GASS   STEALTHGAS INC
119 24 0
Time to fill up the tanks! ;)
thamer84
3 years ago
:D :D :D
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thamer84
3 years ago
i bought it at 11.57 and sold it at the end of the day, but I will buy it tomorrow
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JPMorgains
3 years ago
Congrats. I am long unless it takes out 11.50
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thamer84
3 years ago
today i changed my portfolio to theses stocks JRCC, NPD, XUE, CLNT, and SNV
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thamer84
3 years ago
and tomorrow will add GASS to it or i change one of those stocks with GASS, what do you think?
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JPMorgains
3 years ago
I would say manage them closely to avoid risk and take gains quickly. Heard that before I know but I can't say it enough.
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thamer84
3 years ago
but what do you think of the stocks for tomorrow?
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JPMorgains
3 years ago
Can't really tell you because I don't really follow all of those stocks. NPD I have looked at and I think needs to get over 2.30sih but its really sketchy for anything more than a daytrade in my opinion. XUE is the same as far as sketchyness and I think that one needs to break over 5 and hold. And they both need VOLUME to move. Watch for it to start coming in and that is a clue.
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thamer84
3 years ago
Alright, I will watch them closely tomorrow. I bought SNV and I forgot they have earnings before the market :s
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JPMorgains
3 years ago
Oops. Good luck. Looks like they have met or beat earnings for 2 years now so there is that. Chart looks good too but if they miss I suspect there will be some damage done.
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thamer84
3 years ago
if they beat the estimates, what do you recommend me to do?
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JPMorgains
3 years ago
Sell half on any big pops and watch the rest closely, maybe even sell 90% of position and leave 10% runner. And always have a set stop where you define your risk if it starts to get weak so you can cut loses quickly.
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thamer84
3 years ago
This is really helpful, thank you for you advice, really appreciate it . I have question; how can I know if it getting weaker?
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JPMorgains
3 years ago
You can always get back in if it dips and gets bought back up.
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JPMorgains
3 years ago
You watch to see if starts to take out the recent lows...with a glance at the 30 minute I see 3.37 3.31 3.26 etc. below...it needs to hold the first or it will likely go to the second and if that fails the next and so on...
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thamer84
3 years ago
Aha, cool, but usually when a stock open higher because of news, so it goes up, how can i know if at that point starts to weaken or i just sell it until it confirms the support level.
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JPMorgains
3 years ago
Also you want to watch level 2 and there should be buyers showing up at those levels or its a bad sign. Also watch for sellers stacking up above the price on the ask at likely resistance levels, also not a good sign it will go higher. You want to see big green buyers showing up at the bid and eating away at the ask price and causing the price to keep rising. More buyers than sellers in others words. You can search for Technical analysis/chart patters and also level 2 videos on youtube etc to understand better what I am talking about.
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thamer84
3 years ago
Actually I do understand you but I was saying when a company announce a news and they breakout to the upside for the first time to a new high, how can you know like it gets weaken there or there is still some to the upside
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JPMorgains
3 years ago
Haha you don't my friend. All you can do is use the tools we have. And when a stock is breaking out as specially with no overhead resistance I think watching the level 2 is a good place to get an idea of where the "wall of sellers" has set up shop and sell at or safely before that level. If it breaks through again you can always buy back in but its always better to lock in gains in my opinion. Also stocks breaking out to new all time highs tend to go more higher than most people think but again you can't let that cause you to ignore a big amount of sellers coming in. Gotta go but best of luck.
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thamer84
3 years ago
thank you, got it, can you later on just mention to me something about tsla tomorrow, what do you think of it?

I can see that the stock is going down to 166
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JPMorgains
3 years ago
I wouldn't touch Tesla. I prefer small to mid caps and I have no clue where that monster is going. Its a battleground I don't want to get slaughtered on. All I will say is I would not be short. Elon Musk has a good history of killing them haha.
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thamer84
3 years ago
loool omg, I think i'll close the position market I buy put 170
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JPMorgains thamer84
3 years ago
Everyone has an opinion and I am no different but that doesn't mean it's right. This could be it for TSLA, it could tank and everyone short will rejoice. But every single other time it seemed like a good idea to short it was a bad idea as the stock sprang back to new highs shortly after. I am not saying a lot of people haven't made tons of money shorting the down days because clearly they have and continue to do so. But it the grand scheme the trend is clearly up and shorting is counter trend and very difficult for anyone less than an expert in my opinion. Again not saying anyone can't do it and be successful its just my opinion that it is harder to do. Also with TSLA they have earnings coming up in a couple weeks and again I would not trade it through earnings because I literally have no idea what will happen. Look at how many people thought NFLX was done and may have shorted through earnings. If it stays on course from after hours its going to open at 400 nearly 60 points from where it opened yesterday. I never want to be short a stock that can move like that to the upside.
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JPMorgains thamer84
3 years ago
Chart does look weaker than it has before and below 169.60 it could go lower that's for sure...still though not for me. Good luck.

snapshot
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