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Bought OTC multi-day breakout. Stock went up from 1.31 to 1.37 at it's max. Stock had no volume and I should've known that the stock had not the moved in the way I anticipated. Held the stock overnight and didnt stick to my plan coming out the gate of selling for a win. Stock tanked, I got emotional and sold at the low of the day. Bad trade.
took this short trade on $WTI inside the cloud, major support as it was a thick cloud, anticipating further breakdown as it had previously double topped. immediately got squeezed out for this small loss. broke one of my rules and that is to NEVER EVER take a trade inside the cloud, and also dont go against the trend, more specifically, an established trend. look for longs ONLY in a bullish trend set by the cloud, look for shorts ONLY in a bearish trend set by the cloud
Really got lucky on this trade. Forgot that I had an open order and got squeezed as I was in a meeting. Upset about that because that's rookie shit. I could have gotten a GREAT entry had I not had this order open. Easy to borrow, snapped at the closed, lower high post market, and panic in the morning SMDH. That's not full time trading work.
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