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Entry comments: speculating that the intra-day resistance at 3.35 will become support and the hod and yesterday hod will be next legs up. I am taking small position and having some fun.
Exit comments: played out nicely to my plan. I ended up selling half of my position at the 10% goal level and was holding the other half for a test of of 3.75-4.00 area. Big selling came in at the 3.70s and I didnt like it so I exited the rest of my position and took profit of 9%.
WOW... Unexpected panic that I happened to be holding short. It's funny because this started out as a terrible trade. I was trading my shooting star strategy and got impulsive then slammed the bid. I turned a terrible trade into a good one. Sometimes it's just about taking advantage of the opportunity and understanding that everything is psychological.
Looked to dip buy this morning panic. Bought on the second green candle, volume was up, the stock faded, god things I widened my stop. Stayed in this one a while as it did ramp up but was rejected at VWAP. After I hit my stop the stock tanked. I did stay patient though and held it through the fade after I bought. I have had much success with this stock buying the dip on this same exact pattern but not today.
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