IDMI- Great Way to End the Week

To tell you the truth I was not going to trade this and was not expecting trading at all. But something about IDMI drew me to it and I got up this morning to see how it was. First candle it fell then the next one brought on the buyers and it took off.

I jumped in at 2.40 which for a couple minutes thought I pulled another dumb trade because it fell to around 2.28. Next candle started inching its' way back to 2.40 and once it did it shot right by.

I unloaded some at 2.50 and I let it run until I saw the gap between the bottom of the current candle and my seven EMA. I saw the gap and sold the rest at 2.58

Somewhat pleased. I do not want to get too excited but I am happy I finished this horrible week on a good note. Even if I did not end the week profitable, the damage is a little less dramatic.

IDMI- Easy Money

Man, this kind of trade probably won't happen again for a while. Once I sold out on my first trade with IDMI I had to put on another position when I saw the stock was up 130% from when I bailed out. I got in again at 2.65 and let it ride until 2.95

 

I think I made around 9 or 10% on this second trade but my position size was 1/4 of what the first one was. The profit was 2.5 times my first one so this was an efficient use of capital, lol.

 

The gap on the chart was when I closed the chart and took it out of my watch list. I added it back in to see what IDMI was doing and that's when I saw the huge jump and got in right away.

 

IDMI Late Trade

Wasn't planning on trading but I was watching IDMI for a couple hours and finally decided, screw it, I'm going trade this. Got in at 2.05 ran up after I got in which is always a good sign. Sold some at 2.11 Fell back down and started making lower highs but higher lows. I don't like those kind of patterns. I sold the rest at 2.08 Not a big gain or anything but good enough for a 30 second trade.