Entry Comments: Took small position on quick snap back of breakout on news of FDA approval. Looked for continued volume and shorts to get squeezed. Exit Comments: Volume struggled to come in, even after 3pm hit, and the wall of asks started to pile on. Exited my position for small gain before further downturn. Lesson to Learn: You played this one according to plan. Sticking to plans means winning trades.
*Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here.