One more try on this after I realized where I cut was support. My entry was hasty. Too early. If I had been more patient, I would've gotten a much better entry avg. I was buying very mid-range. Being completely honest, after I bot my last 1 share, I closed TOS on my phone & went outside to scrape snow off the porch. Little bit later, my phone is going off & some trading friends are speaking about this about to break $11... I opened my TOS & sold all ASAP. I got lucky.
After my nearly breakeven trade just minutes earlier, I looked for another opportunity. In hindsight, I see that I was forcing it. I got too excited. I saw the pullback & the chance to get back in. It was a false support.... I kept adding on the way down, not seeing or realizing that the price action had shifted. Maybe I didn't see the lower high, or maybe I ignored it. But, this was stubborn to say the least.
T. Sykes Weekend pick. I didn't do my due diligence on this. I was too focused on the other play I was in : $INTZ ... using my attention on that play, I saw the price break below $10 & I didn't see that where I cut for a loss was actually a nearly picture perfect support dip-buy opportunity... It should also be noted that I was a little late to enter the BO area where Sykes did. So, I played the $10 cross... But entered a little too prematurely.
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