Kinda now overtrading/revenge trading. Went with a stock thats a classic former runner and one that was good earlier in the week, however now its a day 1 #5 and midrange on the daily chart, worse volume than last day 1... no new news, pretty fails the daily breakout on Tuesday and is now having a tiny bounce on the daily, but fails ultimately end of day. Had a decent bounce but just nothing great and little margin for error. Low odds and r/r.
Extremely undisciplined trade. Chased the spike into the $3.40s/$3.50s. It spiked a little then immediately started tanking. Held it for beyond my $10 max loss. No excuse, need to be more disciplined. Two trades today, two losses. Market is very ugly right now. Good lesson.
Entry comments: Partial fill on the breakout of this play holding VWAP well, I said I'd buy if it did this an hour ago, even in an ugly market, lets see how far it can go, goal is to make 10-20%, spiking fast 3.25 as I type this
Exit comments: Outstanding outstanding followup spike, wish I was faster to get bigger position but this is good in this ugly market....lock in singles guys, congrats to all those who were prepared here, see my premarket commentary on how it needed to break above VWAP adn 2.90 to really squeeze, that's EXACTLY what its doing
#5 first green day, huge volume and trying to break the multi day/week resistance, sold just before the big bounce around 9a, so it had multiple big spikes and bounces
Bought this stock during its morning spike after the market open, as it was nearing the MDBO level, so I thought it could keep spiking nicely. It broke out past the premarket HOD but not very convincingly, so it started to dip quickly. I got out for a small $4 loss. Good lesson to get out when the stock is not breaking out convincingly.
Mid-day scalp excursion. Wobbly momentum, sacrafice more upside to prevent loss
Stock fell off on the open. When it climbed a bit, bought into the upswing. It went up some before retreating, where I sold. It had one more pulldown before monster climb. Missed that one.
Hail Mary attempt to recover some loss: Unsettled mindset: miss MM IBO, FVG, Breakout
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
