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I bought this stock that kept running yesterday and I missed it by underestimating it. Today is a Friday so I thought we would get a nice spike as it went from r/g. My risk was 1.71 which was r/g level. My goal was to see if it could get to the 1.90s as that's where there was some resistance from yesterday. It ended up breaking my risk at g/r so I exited my position. It could still spike as it is a Friday and considering how much it ran yesterday.
Entry comments: Bought on a swing back over VWAP showing that there is in fact buying pressure likely keeping aggressive shorts on their toes. This ones a mover, already LUDP halted twice for volatility. Goal is 20% with risk in low 1.20's. Hoping for a turnaround in my trading after taking it easy and trying to be selective.
Exit comments: Not confident in it's consolidation and sold precisely before a big jump up to 1.49 which would have put me into a green trade at least but it wouldn't have been a "true" green trade. Getting shook out is based on my previous experiences with other trades in similar positions where I got rekt on almost all of them. This decision was based on what little experience I have gained in the last 1.5 months or so, not upset with it.
Probably my worst trade so far. Bought this first green day of a former runner as it was holding VWAP into late day, but went out for 30 min, when I came back it had broke my mental stop, (which was 0.105), instead of cutting I held.. missed opportunities while holding this one. Never again will buy and just walk away. Messed up!!
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