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This stock was getting overextended and had just had a hard pullback below the key $4 level. I shorted a starter into the next bounce. The stock wouldn't break down for the rest of that day but it closed under $4 so I held overnight. Next morning $4 was still major resistance. I tried adding but I missed my execution as the stock panicked red on the day. I soon had to leave for school so I covered on the next low of day. Very happy about my trade plan but dissapointed I never got to add.
PRPO was on the watch for the day, unfortionately did not do what i was hoping in terms of spiking. Held on way to long instead of exiting once i noticed the chart not following the pattern i was hoping for. Took a 5% loss so not too bad but still want to be able to recognize when a play is not working and exit quicker.
New IPO. Stock broken above $25 which was HOD for the first day of trading. The b/o looked weak to me and when stock broken below that area i went short because i was expecting a bleeding before close. Stock than reclaimed back up and i didn`t cover right away. I gave it time. When it was unable to go back down below $25 and started bouncing i have covered my position. Took a small loss.
Stock had a big gap-up and i was waiting to see if it will hold support @ around $0.545 which was multi day support. When stock was unable to hold support a went below VWAP and tested i tought we are going to have a failed follow through. Many longs were also caught in that fakeout breakout. I was on the right track. Stock did have a failed follow through. I have covered to soon.
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