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mid day buy no bounce from entry too early for my entry my initial plan is somewhere 2.20ish area so from there is a good bounce but its okay I win still today I will keep trying these strategies in more conservative way. I will be more decipline and focus on my strategies trade small and make it bigger eventually until I have more trade under my belt. 2.38 is my exit because I set that in 2.30 but my target exit is 2.40ish because I am still checking if its gonna bounce from there but it not
Once again as I learn what works for me. I'm trying what I call a zone strategy/ break out. I like placing a box for visual with a enter point at 5% based on a close and open candle in my sweet spot I set above a resistance level I drew. This helps me with a visual of my strategy to enter and exit a trade. I know have to repeat and rinse. I think I need more patience to stay in and stick to my plan. But overall I think this plan is working for me as a beginner trader.
Re-bought this big % gainer on a dip but didn't catch the bottom. Should have followed the plan, which was to get it in 6.90s. Very low float and erratic price action, so when it couldn't hold 7.20s looked to lower exit price. Bounced again and executed at original sell price, on it's way over $8 two minutes later. Bummer!
Entry comments: Day. Due to wife distractions I missed my original entries & those plans worked out well. I walked away to gain composer. When I returned, I waited for another dip since vol was going crazy, plus this was my set up w/no vol looking left! I entered on a DBAV w/100@6.97, using 5ema as risk 6.79, TGT 7.51, but knew it would hit 8-9 based on speed.
Exit comments: I scaled out into resist lines which weren't really resist since no vol, but I wanted to take my profits as my acct is way red after my TGT cause I looked away for a moment & it surpassed it! 50@9.12, 24@8.91, 1@9.5 (partial fill), 10@8.7, & 15@8.04. Great trade now get back to staying calm!
In Zone at 6.38 out at 6.76 stop loss at 5.74. My strategy is to enter in a selected point using hot keys and exit with 10% gain or 10% to 5% loss as I adjust my stop if needed. I find looking at a selected resistance level and entering a trade as I see a candle closing above the resistance level and the next open above is a great entry point of 5%. To visual this I draw a box on my chart and this seems to help me execute my trade plan better. I like using my hot keys. I keep learning.
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Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.