SMRT today: I got trapped at the top in a failed breakout. Cracked hard and quick below my support, but just as quickly retested and looked like it was going to hold. It cracked again and I wanted to cover into strength, this secondary crack had me cover below my defined risk by a few cents. Ended up with a loss, but still feel it was a good cover despite the rapid price action at that level. Total loss of 200, but if I bag held it would have been closer to 750 on the day. The loss stings a bit, but not nearly as much as it could have. I liked that I was patient and waited for the pattern to set-up, but wound up getting myself trapped at the top. After reviewing video lesson #16, "the trap," I understand that this sideways price action (and my entry) would have been better suited for an end of day move. However, earnings next morning with this ticker, so the typical ramp into close (short squeeze) likely would not have been there. Perhaps not such a SMRT trade-ha! Good learning experience--trying to fail forward.