Ran premarket from $2.40 to $5.12 on AI PR. The company had an active $12.455M ATM, creating dilution risk. I chased the move. The better entry was near $3.50 around VWAP and the 9 EMA. The setup failed, my second entry was a chase, and I cut losses quickly.
Ran premarket from $2.40 to $5.12 on AI PR. The company had an active $12.455M ATM, creating dilution risk. I chased the move. The better entry was near $3.50 around VWAP and the 9 EMA. The setup failed, my second entry was a chase, and I cut losses quickly.
This was a terrible trade and a good example of why I have been focusing on just taking profits in this market rather than getting greedy. I was up over $30 on this trade, but got greedy and the stock started failing quickly. I wiped out most of my gains this morning from my other trades from being stubborn. This was a great lesson and will use it going forward.
My high of day break has failed me all day. Need a different buy signal, or add filters. No major mistakes today, but a handful of paper cuts leaves me with no wins and a loss of $45. Sure hope I'm learning something.
Stock paused for a bit, seemed ready for next leg up. In fact, it went down.
Dang, used a market order and got a horrible exit, I need to engrain the habit of using limit orders again. Not a bad bounce, ended up bouncing up to the mid .55's. I need to use limit orders unless it is a panic free fall, but my exits should be near key targets and at least close to 10%. Mkt should rally here soon, will most likely only trade once or twice a day on THIS setup to get my footing first no matter what before I trade any other setup....
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.
