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the spread on this thing was disgusting!!, i thought this thing was ready for another red day as this thing nearly doubled and had a failed spike on day and held around it lows all day, i truly wanted to get in around 14.05, but i chased, also this thing was very illiquid, we got a bit of a gap down but sellers never even pressured the bid and didn't come down, so i couldt even cover, i cut my losses and this thing spiked to 15.45 and finished at 14.34, should've cut loss quicker
chased this spike, idk what i was thinking, i know better than this, the play was to buy this on premarket dip near its lows, when market opened it spiked with volume, thats where you buy, and use premarket low as risk. this was an earnings winner and breakout, gotta do better job with executions and set risk levels
should've went in smaller, didn't manage risk well and i paid for it,stock plummeted after this, also i rushed this, i really wanted to go short at 2.15 but missed it and thought i wouldn't located shares so i chased. stock failed to go green , straight out of gritani dvd, when it failed and started pulling back that would've been ideal entry using red green as risk, also the gap down pre market during this recent runup indicated this would go down, i just have to stop chasing
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