Went back in for a similar setup that didn't play out on Thursday for this ticker. I have been testing "replays" on previous setups in which I was fully stopped out. There are some traders who have shown high probability when retaking trades that were planned in advance but that were stopped out on a previous entry. I was firm on my plan to use the 3.00 level so when it broke a 2nd time I followed my plan and got out again for another small loss on this one.
Bought this on news of favorable decision by NASDAQ to keep this stock on their exchange. It had run big previously, had higher volume and price was increasing. Didn't work out and I wasn't able to cut losses quickly enough due to work. Was not prepared enough for this trade and did not have the right schedule. Prepare better dammit!
Stop out. Again. It seems like lately the dip buys I’ve been trying don’t bounce- they just keep tanking. 2nd stock I liked was GLUU which would have been a nice win. The daily chart looked a lot better. I’m taking this as a sign to be much more picky on what I trade. Gotta adapt!