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Entry Comments: Put in a bid under what I thought would be the dip's support but didn't like the price action so I went to cancel the order... but it executed right as I canceled. Exit Comments: Put in sell order immediately after purchase because the Level 2 action wasn't looking good. Got out quick for tiny loss. Lesson to learn: Don't chase some random stock just because it has price action. You saved yourself this time, but next time may be bad.
followed an alert on this one. I understood why I was getting into it and made it MY trade. was pleased when I was up before close and even more excited to wake up to more % gain but it tanked at open. it dropped pretty quickly past my mental stop at 2.76, and I thought I saw it finding consolidation so I held a little longer. shouldn't have done that. I like first Green Day patterns, but I need better news to hold overnight, not just a hot sector.
this stock was also a pre-market winner and had a good catalyst - missed the first dip as I was in ABIO - which didn't work - stock dipped to 7.3 than spiked back past its highs - pre market - pulled back to 8 and i got in a bit late but used 8 as my risk - stock didn't spike and dropped - cut losses
morning breakout- stock had news on 2 electric cars of theirs being approved in US. stock up 30% premarket. had two ideas first was the weak open with no significant panic buy on dip for retrace.. didn't trade this idea as I was just double checking a pattern.. bought on the retrace breakout. saw the stock act difficult in the mid $8.2 so decided to get out.. originally wanted $8.5 where previous resistance was at on the 1 year chart but will take the 5% single..
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