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Caught this on my 10% gainer scan chopping around .53 with the breakout setup. It also had news saying doing business with Amazon or something. Thought with both of these catalyst together that it would work out well. I got too greedy and held all the way to the top and then watch the fall but I was in class. I should have picked a level to sell. I got too excited about the stock and forgot to set my risk and trade
This was two different trades on a recent r/s stock but my mistake was shorting too early and my second mistake was not cutting my losses when I was too early. I lost about $1200 on the first trade and then shorted again on the backside and make a couple hundred of it back. Terrible discipline here!
Super stoked with this trade!! Everything from the research to the trade was planned and executed just like @timothysykes teaches!! Being a newby I got scared when SEC halted at .92 so i got out incase of crash when resumed. I climbed to 1.17 but happy taking the meat of the move!!
Entry Comments: Got in on possible breakout with high (relative) volume. Took small position because total dollar volume was small. Exit Comments: Stock went nowhere because it didn't trade enough volume. Just got out at the bid for a small loss. Didn't want to wait any longer. Lesson to Learn: BORING!!!! Don't get in to boring stocks. They waste your time and you likely lose a bit of money because they are going nowhere.
I bought as it was testing resistance VWAP thinking it could break through on volume. It then rejected so I sold. However my stop wasnt breached and the pullback it made formed a higher low when looking at previous consolidation. I sold too soon because it then closed just above VWAP on a second test. In hindsight I probably should of held over the weekend because it closed strong and my plan was still intact.
Bought looking for the late day spike/squeeze. Price action couldn’t break over VWAP at 1.29. My trail limit allowed me to cut losses quickly, only down about 7$ after commissions on this trade. This is the type of spot in the chart that is prone to panics when the crossover/test fails. Over all good trade. Got a little excited at first then calmed down and gathered myself through the rest of the trade.
Entry comments: Promoted pump stock I believe. I see resistance at 0.0200 so i am long this stock right now. Tried to get 250,000 shares but only received half so I'll see if the news I saw is relevant and pushes the stock higher. Volume has been higher and stock. Exit strategy around 0.0180
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