Liked how the stock showed a lot of consolidation and was slowly inching its way up day after day. I bought this because gold was strong and the stock had previous good news about mining regulations, along with the fact the volume was decent and it consolidated at a comfortable risk level. sold immediately after Tim sykes said they had earnings overnight so it semi destroyed my thesis.
I bought this stock as it was a major contract win holding around .52 for over an hour after pulling back from pm hod of around .70 and figured it could get back to .60 P/O. Unfortunately, I didn't see any volume push after giving this over an hour and still no significant volume after almost 10m after 3. Cut loses very quick as it kept getting stuffed the couple of times it ran to .55ish.
First trade in over 2 months since finishing up school and wasn't a great one. my initial thought was to hold this overnight but got distracted and had to leave the computer which changed my psyche and I exited quick. need to do a bit more refreshing and practice mental discipline.
Good Idea on where this would go, but I emotionally chased this as I was frustrated that I didn't get filled .03-.04 lower. I gave it time, but was watching big sellers keep coming up on the level 2 around where I bought it. ended up running to the 1.60s over the course of several days. On the right track, just have to continue to mainly work on discipline and mental organization.