Swing trade that if I had have stuck to my plan I would have sold at $4.45. Now, this stock is at $6.00, which I did not anticipate. Still made over 6%, but after holding for 3 months, it was a very disappointing gain. Was on the right track though, just need some patience.
Was looking for a bigger bounce back to $7.00, but it hit a wall at $6.4. I used the VWAP at around $6.00 as my stop. When it could break and was trending down I cut my loss at $6.10. Less than 2 minutes later it tanked down to $5.35 and is still falling. If it doesn't consolodate soon then this could be back at $4.00 by EOD. Always have a plan!