Been studying a new pattern for the past few weeks. Which is the Double Bottom. And I think it worked pretty damn good today. Yesterday didn't trade none due to the fact that while I was on the computer didn't see the pattern. I stayed disciplined today and took the meat of the move and if I can keep this up I will be seeing the positive side of all my studying. But don't get me wrong I still like my Dip buying also.
Didn't wait long enough after market open. Thought I was getting in on the upswing of the stock and then it took a sharp drop that I stopped out on. After 20 minutes it took a $1 spike. It always seems like I'm on the right track just bad timing on getting in. Keeping my head up and keep on going.
expected a spike after the morning dip. Only got a very small one and the stock followed the rest of the market and pretty much tanked. But on the other hand I was proud of the trade, I kept my cool, I went with a plan and I stuck to it. I continued watching it to learn more. Holding a small overnight position in DCGD in my paper trading account testing the waters on over night holds. In on MRNS 1.84 and out @ 1.78
I had a great entry and thought I was seeing a down trend. Not even 2 minutes after exiting the stock went started going up again and went up all day. Loss a chance to make a big difference in my account. I try and tell myself, at least I was on the right track but I still feel like crap about it. I reckon due the fact I could have made anywhere from $500 to $1000.
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