Entry comments: Day. Hot Sector: China Virus, News: Shot. Alerted during 1st STT Pro webinar. Decided to experiment with HOD B/O. Big volume. Next LVL resist is 5.48 back in Dec 2019 which is gap fill too. Entered 0.05 above HOD 4.11, Risk 4.00. TGT 10-12%.
Exit comments: It hit my TGT of 10% when I wasn't looking then had a difficult time getting back up there. Once it kept pushing down, I changed my TGT to a $$$ TGT of double my cents entry...0.16x2=0.32. Hit new TGT. Don't like B/Os spikes. Get too nervous. Will stay away until more versed.
Entry comments: Day. Hot Sector: China Virus, News: Shot. Alerted during 1st STT Pro webinar. Decided to experiment with new pattern seen dev'l over last few weeks. Dip after 1130 & B/O above VWAP w/Risk LOD. It dev'l, but got scared & waited to go above VWAP & entered. Risk VWAP 3.16. TGT 10-12%.
Exit comments: Hit TGT. Lesson: trust my observation of pattern change. I could've gotten in around the dip below VWAP & stayed or gotten out earlier. See next trade. Stock continued to mid 5's.
Entry comments: Day. Hot Sector: China Virus, News: Test. Look for Gap/Crap B/O above VWAP/HOD. Risk: VWAP/LOD. TGT: 10-12%. Entered & hesitated so missed original wanted entry. Risk VWAP since LOD too low.
Exit comments: This ended up being a chase since missed original wanted entry of 10.67 which would have been better risk using LOD. Stock was showing definite downward & went past my risk. Changed risk to LOD...mistake. Looked away & went past LOD 10.06. Lesson: This didn't fit pattern. It was below VWAP after 1st 5mins. It has to be above. Plus I didn't stick to plan and don't play virus plays when market green either.