horrible execution did not follow an important rule of cutting losses quick
Entry comments: Simple got an entry signal $MEMP
Exit comments: This stock is going through a bankruptcy and clearing out
Swing trade. Bought before close mainly because of a daily chart. Stock found a bottom and started uptrending with volume. My near-term targer was around $0.20 and ideally i was looking to sell my position around $0.35-$0.40. Unfortunately stock did not have any follow through. I had my stop/loss below $0.12 which was acting as support. Despite the loss it was a good risk/reward trade.
nogo took the loss on this starter position, tired of looking at it.
Just getting my feet wet, first trade ever. Wanted to see how the whole process went, expected to go red.
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