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Day 1. Learned a lot on this trade on pattern I want to follow on way up. It was a perfect buy but took loss. On way up when it broke intraday support and tested a support at 4.20. 420 was and on pullback to previous intraday support now turning resistance it should have held for first step and broke support. If failed support 2nd time get out with profit. In this case when not holding new resistance take exit for small win.
Entry comments: Watching it since its spike earlier, now hold key level, goal is to sell in the .05s or .06s, could be quick
Exit comments: Out for small gains, hit my goals basically, but midday so choppy and I gotta focus on potential plays on ASTC and ICD, too many plays all at once grrrr
A win but not exactly a textbook trade. I found PR on their site about clinical trial starting for their Covid treatment so I bought thinking the PR would drop and stock would spike but it never happened. Didn't want to hold through weekend so took 12% gain....could be worse.
Entry comments: Day. Hot Sector: China Virus, News: treatment. Morning Gap/Crap B/O above VWAP & HOD didn't materialize. Entered Mid-day Dip/Rip B/O above VWAP. RISK: LOD 2.63, TGT: 10-12% 3.14-3.20.
Exit comments: Risk breached. Lesson: entered on red candle not letting it play out longer even though it hit the time of 1130. Need to wait and see if more GRN candles form if not before hand. Plus, due to entry, risk too low. Waiting would have lowered entry and lower risk.
Entry comments: Added one more position of 6 shares from my already alloted max lot size. [TD#2]
Exit comments: Decided to sell and honour my original lot size of SPXS into the weekend and next week. I am still working on this discipline. But now feel okay with weekend hold. :)
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