Analysis: Saw this stock up on news of sales up 60%, biotech junky play up on fluffy PR with a low float (7.7M), recent runner
Entry: Wanted to catch the bounce of the dip @2.37 after it double bottomed. I hesitated to enter right after 2.37 but I still got in @2.51. Solid risk/reward as my goal is to sell around 2.70
Exit: Stock too a while to perk up but it eventually did, hitting my target. However I did not sell thinking it would break it. Turns out, I set my target at the exact point. Held it hoping it would go back up, went sideway and broke my risk level a little after so I exited for a 7% loss.
Comments: Did not follow the goal strategy of the plan. Got greedy because I am looking for home runs trying to build my account. I did however stick to my risk and got out immediately. Took a 7% loss instead of a 7% win.
Lesson: Follow the Plan. Do not be greedy. I was right but hoped for more. Do not hesitate. Play turned out to be a 1/1 r/r because I hesitated to buy right at the bottom. Would have been a 2/1 r/r. On to the next one.