normaescobarca
Long

PRTY - Actual Party City Baby!!

NYSE:PRTY   PARTY CITY HOLDCO INC
Excited for the market to open. Current position: 500 shares at $1.46.
Short term support and resistance levels at $0.54 and $2.79
Exit target - 1.75, already trading at 1.60 pre-market hours, if things go south, exiting at 1.40.

The valuable lesson I learned:
The most important times for buying and selling shares are market open and market close. Market open allows you to sell with the algorithms, and before the market close, you can establish your position to ride the wave the next day, ON TIME.

Anyone else trading this stock that would like to share any thoughts? I appreciate learning from more experienced traders.
Comment: BEAUTIFUL DAY!! I just exited my position at 1.80. Get those returns baby!!

Comments

Can you talk a little about how you decided to buy in at 1.46?
Reply
normaescobarca paulkropfl
@paulkropfl before the market closed, I had a look at the chart and I saw that even though the price had surged throughout the day, it still hadn’t reached that ideal spot (exactly between the EMA, middle Bollinger band and the upper bollinger band). So I got into my position, assuming that the algorithms would trade the stock the next day to those levels. However, I’ve been watching party city for the last 3 days, so that also helped. Thanks for the comment!
Reply
Congrats! Nice work
Reply
Bought at .95 sold at 1.30. Would’ve been wise to hold it a little longer. Own your trades I guess.
Reply
@bresserd, that's a great return you made there though, I think it's sometimes best to have a guaranteed small return per trade because assuming you make the minimum return of 2% per week, use the formula r(annual) = (1 + r(weekly) ^ 52 - 1 giving you a total annual return of 11%, which is not bad at all. And I have a feeling you make more than 2% a week :)
Reply
***lol sorry just noticing the typo, I meant 110% , so even better :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out