Wanted to buy the HOD break but hit the buy button before it broke. Risk was point in chart where I believe it would no longer be able to recover from. Risk was hit, I am out. Also this chart was not ideal for a breakout scenario. Lot of overhead resistance from earlier in the week
Had some pressure at the whole $ mark..so I sold..4% gain..very quick move..
bought at 7.64, averaged down and bought another 10 at 7.14..got out at 7.42 for breakeven...
Didn't hold for the 10% I wanted because there was selling pressure at VWAP.
My entry wasn't the best, I didn't fight the trend and entered on a dip, just not near the bottom. It did grind back up and I exited just before the next dip. I didn't buy back in on the next bounce due to work. That was a home run if I had. Glad for the win. My P.R.E.P.A.R.E. on this was an 80 on entry.
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