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6th Trade: My initial plan was to buy 400 shares $APRI at $2.95 (3:44pm) and hold for overnight, but it dropped past my mental stop loss at @ $2.85 and I sold at $2.79 (3:52pm). I was working most of the day and missed $APRI when I saw it at $2.00/share and it spiked to $4.00. Still getting comfortable with the market and stock charts. Pisses me off that I keep having these losses, but I know its part of the growing curve toward practice and mastery.
This stock was up on "big" news of some Viagra workalike in Mexico.... doesn't really matter. It was hyped. I came in late(class), but I noticed that the pattern this chart painted was literally repeating over and over again. It spiked 5-10%, dipped down, then spiked again- over and over. It had one large crash, but the pattern started replaying itself. I noticed this pattern late, but came in on one of the last little "spike and dips", and made $2 bucks profit. Not a lot but I was right! Study!
Excellent trade today. Was prepared and ready for the trade. Traded like a sniper.
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