I took my biggest loss of the month today on $DFFN - just $130 bucks nothing horrific. Not due to not cutting losses but because I've decided to trade less and scale up my position size. 

If Id have been in the trade 10 minutes later I'd be sitting on my first ever green month thanks to a $170 profit so I'm not discouraged, this is still pretty much my best month ever. I was hoping to get feedback from the community of how I could have played this better. Charts below and analysis.

The set-up is straight forward - low-float runner breaking out.

 

 

Next part is more tricky. I bought the break on the ascending triangle and was out when it failed. I could have waited for a little more consolidation but I don't think it's a bad trade. My second entry I tried to get in lower to avoid being faked out again.

Looking back I think I should have got in for the first break and got out immediately when it didn't break. Then got back in after more consolidation risking off the 4.20s (it's lower support level)

Tim bought in 10 minutes after I got faked out. This is one silver lining, I was watching the same stock at the same time, only I was a little early. I had no idea he was watching it.

And here are my stats too. Tracking stats month on month is essential to keep your head up and in the game. It's always important to see the big picture to see month on month your winning % is going up and the amount your losing is going down. 

This is just another lesson :-) Al C Ya L8r.