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Got in w/ 10 shares just before the hod break. Went to 7.75 highs. Was up around $7. There was a small pullback I added 10 shares. Pulled back to $7. I had a loose stop at the beginning with the smaller share size of $6.5. My plan was on the way down as long as it held $7 it would most likely go up. Looking at the chart as I type this it is holding $7 (at $7.15). Goal was to trade with a smaller share size so there isn't emotion added to the trade. Got greedy in hopes to make more money
ENTRY: Gapped down in the morning. Saw a clear breakout above $52. The stock was going sideways with higher lows so there was upwards momo. Missed entry again with this stock and entered a bit late. EXIT: Stock started to consolidate and just wanted to close the position even though I knew that the stock was going to go higher throughout the entire day. Took a very small profit on this only about .96. Better than a loss. Was up a few dollars at some point.
ENTRY: Started to curl back up after a pullback at market open. Set stop at support and entered in hopes of it potentially breaking hods. Was a little late on the entry. EXIT: Sold 3 different times. 80 shares sold around 2.73 to take some profits in case if it started to come back down. A couple of minutes later sold more. Was left with only 5 shares. Rode it out and looked like the end of it so I closed the position out with the remaining 5 shares.
Entry: Market was trending up towards the eod. Hoping for a hod break followed by some buying volume. Broke my rule of only getting with a proper pattern. Risk was based off my usual 14EMA. Lesson: Don't force trades. Missed morning trading and wanted to take advantage of my last day trade of the week. A losing trade with a small account is still a losing trade.
Entry: Target was $152 and was risking based on the vwap. Set a stop loss. Exit: I accidentally sold both shares instead of one just to take some profits. If it had just waited to get stopped out, it had run up after a small pullback on the 5 minute and consolidation on 1 minute. Small profit still. I continue to take profits and losses very early. Might be a good thing but also bad since I don't let it play out. Just took a look at it. Looks like it was a good decision.
looking at multiple timeframes to gauge a better entrance. Depending on the market direction. Got in on a small pullback to the SMA/EMA lines I look at. Anticipating a break above hod and the momentum continuing up with the market. Wish I could hold longer but I had to go somewhere. I would have ridden this trade out since I sold 1 share at a time until the SMA/EMA line was broken and volume was dying down.
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