Entry comments: Great new announced for contract with the NAVY and new target price announced yesterday while in a uptrend bouncing back for last couple months of pullbacks from its 52 week high. Target price $57.
Exit comments: This was a very well thought out trade taking several factors in to consideration for entry. When I relooked mid day at the 3month outlook realized that the pattern since January has only presented with one and two green days then multiple red days for multiple months now. So decided to not hold long and protect the solid profits for this week to leave me green for the start of the month and week.
Broke totally even so no losses no gains today. I say that's a win on protecting my capital! Gained knowledge that I was on track for both my trades today but the market was poor for bounces today, Literally many of the main plays for OTC's were small pull backs with gap ups to all day sideways play action. Back to watching and learning.
held overnight because of Nasdaq crashing yesterday and nice recovery for the price action. Should have been a 250$ gain happened for a brief moment and then pulled back ,waited for bounce. Also, learned to be more mindful of the Last pricing when in options that's seemingly where the exit pricing gets executed. Getting used to E-trade platform also and very thankful to my partner for helping me get my second monitor.. bigger and easier for me to see.
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