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SO MAD AT MYSELF FOR THIS ONE. THIS WAS HYPED ON TWITTER AND GOT IT...COULD HAVE CAPTURED A 100-300 PROFIT WITHIN AN HOUR BUT DECIDED TO STAY IN THE GAME HOPING THE VOLUME WOULD CONTINUE AND PRICE WOULD INCREASE. IT DID NOT. GOT TIRED OF WATCHING THIS FALL AND SOLD BUT DID NOT CUT LOSSES QUICK ENOUGH...LEARNING.
This is it. This is the setup. The strategy is buying the breakout, thats what i did. Was patient but the money was in buying the red to green from the open. 1.25-1.49 . But still, could have gone way higher but there was so much resistance ahead. Will be a super nice multiday breakout if it gets there.
I saw pump news coming in and missed the move at 16 cents. Yea $0.16 per share. I kept trying to jump in so I saw a spike from 0.3 to 0.6. Came back down and bounced off of 0.5 and bought 10000 shares. Swing trade and sold at 0.65 the next morning. Apparently I was the New resistance level and I believe there were shorts there and they got squeezed hard! Stock jumped from 0.65 to 1.80. I could have had a $10,000 + first trade but I'll take the win and the learning lesson too.