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First entry was 4.16 but didn't like the price action so I exited for a scratch. Reentered @ 4.25 on breakout of 4.20 resistance. Stop @ 4.20. Nice increase in volume as well as putting in higher lows. L2 was getting hits on the asks. Sold 1/3 @ 4.34 as we broke into 4.30's. Felt a bit top at 4.40's, so took more profit. 1/3 to hold into close. Last 175 @ 4.68 shares into strength in the a/h.
Re entered this at 2.84 risking 2.80 which was the actual low of the first 15 minute pullback. Took entry on 2 green 1min candle that had good penetration into the previous red candle. Sold half position @ 2.93 and last half @ 3.05 when L2 looked top and red candle had about 50% retracement into previous green 1min candle. Lesson Learned: Really happy with this trade. I felt confident on my entry with tight risk,
Entry @ 3.01 risking 2.90 which was the low of the pullback off the bell. Cut losses quickly (before my actual stop) when 3.00 area didn't hold. Could have been more patient and let the first 10-15 mins set the tone. Lesson Learned: Wait and be patient. No need to force trades off the bell. Good cut.
Got a nice entry on the second pullback to test vwap. Using the 1 min to find and entry off the pullback. Took a position at 9.12 risking off of 9.10 low of previous red candle. I definitely took profit too soon. Lesson Learned: Be patient with the trade. Trust in my stop and don't get too eager to take profit on pullbacks or consolidation. I could have left some shares to run. VXRT went to 13.53 today.
Stalking the Breakout over 1.20. Got long full size @ 1.21 risking off of 1.20 area. Sold half @ 1.27 and the rest into strength @ 1.415. Lesson Learned: Not all breakouts are created equal. This broke out at 2:30 pm which is the time we typically see more volume begin to come back after lunch. 1min and 3min chart looked great for volume and intensity.
Premarket gapper, up on fluff news. watched the first 15 minutes of the open. It looked to hold above the 38.2 fib level which is just above a support level at 2.25-2.30 area. Entered half size when vwap was pierced. Stop loss was 2.50 area. Got full size when volume confirmed momentum and held above 2.50. Set a sell order @ 2.79 just below the opening high. Lucky I got executed right at the top. Volume faded and this ticker faded out the rest of the day.
Was initially down $60.00. Re entered @ 1.95 and got lucky on a pop up over 2.00. Recovered 40.00 which left me down 14.00 on this ticker. Pure luck I got a little pop. Lessons Learned: Wait for the tradeline to fully cross over vwap for sign of strength. I am consistently bad a being patient with this setup. Will work on it. Also need to stop chasing after I take a loss on a ticker. Revenge trading is a slippery slope
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