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Bought off my % gainer on STT recognised the pattern similar to VTVT last few days. News Catalyst, Red to green after holding and consolidating intra day, volume increasing. Dip Buy and hit my goal into the close. Tim's Spikability DVD and Mark Crook Pre- Flight Checklist Webinar. Thank you
One bite at a time they say...... Basic "Pop on conference hype and get out before the conference" play with a couple minor twists. The company didn't report Q4 earnings due to a discrepancy then had lawsuits thrown at them and then finally reported boring earnings and chart has been down all year.
Well, usually $MARK spikes at the end of the day but today it dropped like a freaking skydiving jump. So, no need to say it shook me out, and then, it got back up as usual. I got shook out too many times this week. What's up with that! Anyways, patterns help but it is not fail prof. Leave and learn.
Entry comments: Let's see if this grinds down or pulls a zombie and shoots back up past previous close. So far so good though.
Exit comments: OUT. Done with this shit. Red on the day about $50 (not including fees). I'm fine with that. This was a stupid trade on my part. I knew I should have stopped after that initial morning washout and I didn't like a big dummy. Happy I got to close out without a gigantic loss.
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