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Ran out of patience with this one, dropped perfectly and I took 10 percent of position out for slight profit, and held all day when it went zzzz I got out. A wins a win. This is a perfect set up I am comfortable with because it not a former runner, mid size cap, not much vol and topping visually
all together i am up about 5 grand on snap. so i am not to mad about this loss, i felt like a big crash was coming, when the market opened, it started tanking, without any hesitation i jumped in on the short expecting more of a panic, but i ignored the fact that snap usually takes a hit at some point and then bounces back and breaks daily highs.i realized i was wrong after i added and the market was closing around 21.60. didnt listen to myself and lost way more then i should have
this was a profit before it became a loss. I knew this was an earnings winner and it moves quickly, i was really looking for a small panic to the vwap which i was 100% right on. it came pretty damn close at like 9.15ish. Greed kicked in and i lost control. i added into the position and treated it as if there was no reason for it to go up. After all this time i can see that i still need to work on controlling losses. im seeing alot of progress in picking winners, but not with cutting losses!
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