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This stock was up pre market on earning news, it was a low float and had already traded over a million shares pre market. I waited for market to open and there was some selling that pulled the price down and then it held on the pre market support level. I bounced around for a bit just touching my risk level and the boom slammed through it. I cut losses quick and the stock faded the rest of the day. I am not skilled enough to trade these morning drive plays yet.
Testing a New Pattern (GUTRSDDB) but was working so had to set a stop loss and decided to swing it due to PDT and having the potential for 2 more day trades on this account. Missed some of the "meat" but that's ok. Hit my stop loss again on the following day but two more day trades til Wednesday.
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