-$180 loss CASA Long Stock
Entry comments: Speculative dip buy on this stock that has been teasing a bigger squeeze, I'm catching it on a dip off its day highs in the 6.90s, I'd love to sell into further breakout in the 7s
Exit comments: No bounce so rule #1 cut losses fast, worth a shot had the squeeze kept going but now the trend is broken so small loss for me, MDVL is breaking out better
1.) what has the Chart, Volume and Catalyst (C.V.C.)? 2.) it’s important to keep your eyes on the overall markets. 3.) momentum isn’t nearly the beast it once was at the moment. 4.) Pennystocking Framework - highly recommended, part 1 & 2 (Mark’s personal faves). 5.) let a stock prove itself first. 6.) the more the stock consolidates at key levels, the better the chance of a continuation.
7.) multi-day runner = extremely important. 8.) first green day works like a charm on former runners. 9.) there’s no better catalyst than a hot sector, although there isn’t always one. 10.) be extra cautious on longs in this overall ugly/bearish market. Thank you, Mark!!
Thanks for the webinar Mark.
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