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I bought a 1st high of day breakout on a stock gapping up 12-48% on good news. The setup was good, news were good until a big seller started to block any up-moves, stock managed to move higher but the big seller also moved higher. It broke out to new daily high so I bought it, then I was greeted with a giant wall of sellers again. I took my small loss and moved on. I Also had level 2 issues due to sitting too far from my internet router.
I bought the morning hod B/O on this stock that was up 12-48% (26%) pre market on news of their contract win from December 2018 which they haven't announced before. The goal here was to make 10-15%. Wrong = I bought an unconvincing breakout of 0.02 cents = double top, I forgot that the initial quick spike that signals buy should be CONVINCING. I believe that I learned a lesson to give the stock more time to convince me, like Mr. Sykes said in one of the vids: the breakout should be huge.
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