Bought for a mdbo play. Gave it a good part of the day but no volume increase, super low volume huge float and going sideways, felt like it might roll over so cut in early afternoon. Not sticking around with such pitiful volume on such a huge float stock. Next to no chance of hitting any kind of price target.
Bought near open when it gapped up over yesterday high resistance and dipped and looked to be holding r/g level. Ended up dropping more so cut. Never really worked out. Not a pattern either so shouldn't have touched. These are the small losses that I really need to cut out of my trading to improve gains.
Tried something new, jabbed at a big floater with the intentions to swing if the trend held. Made a big mistake that only cost me $7 but was the difference between a profitable plan & not. I wasn't patient enough and took my entry early yesterday & at the top, not near support. My size allowed me to let the chart play out which isn't what I'm used to but it felt good mentally. Throwing the flag in for a paper cut because I believe my plan happened & I wasn't in the right spot.
Entry comments: Entered the trade after a recovery from a dip. The stock remained up all day. This seems like it will continue to be good going into the day tomorrow. Resistance at 6.68
Exit comments: Watched the ticks and exited when it looked like momentum and price were dropping. Didn't close at the top because I was really hoping for more. However, I feel ok about the execution of this trade AND it turned out to be right to exit without waiting any longer
Earnings winner alerted by Tim Sykes. I was patient and let it run but put a stop/take profit because of my recent chasing losses down behavior. I kept moving my stop up as the price went up and it felt so good to have a smooth ascent for a change. After it hit the sell it popped over 7 (52wk hi) but then dropped down. I hit the bottom and top perfectly.
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