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Patiently waited for my entry price and held for a couple of days because I saw the price of Bitcoin had affected this stock's price in the past so once I saw the price of Bitcoin spike again I jumped in. The stock had a nice gap up the next day so I moved my target price up from 4.00 to 4.80, placed the order and waited for it to hit my price. I actually got lucky though because my friend Justin warned me that this looked just like a stepper pattern that can fall quickly which is why I sold.

Had an initial mental stop of 2.40 and let it go past it, hoping for a bounce that never came. Should have had a more concrete plan and studied the chart more carefully to know that I was buying at a strong resistance point. Now I know to be more careful with stocks that have a recurring pattern of not holding spikes and to be more careful with double-tops. This one clearly was filling a gap from previous days of selling and peaked right where the chart showed it would. Learned a lot here.

Had a lot of fear on this trade and should have followed my own rule of getting out immediately when I have last second doubts or accidentally let the trade execute without really being committed to it. Also, need to have a better plan on these kinds of trades so that I don't get spooked out so easily. This went much higher after I stopped out too early. Good lesson. Writing it down in the rules section of my trading journal.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.