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not a great entry. Bought the first dip, which i never usually play but markets have been slow and im trying some new setups. Mistakes: No catalyst, no news, no major technical play, and no crazy short interest which is what should have indicated that this thing probably wont keep going. Just popped up on thin air and faded. Its been a while since i traded so i was very eager. CCCR did bounce quickly, wouldve been a quick 5% if i sold but it was a few seconds. Bad exit too, was too slow.
Chased this move a bit. Was forming a nice ABCD pattern, chart looked ok, wasnt too choppy, was setting in a nice higher low and i got in. Higher low failed to hold so pattern failed. Got out for a small loss. Mistakes: This stock has been notorious the past several weeks for quick pops on occasion that never last. I shouldve recognized that its short-lived and wont make another run. Can only catch the early frontside on these quick pops. Mediocre-ish play.
Just a sloppy trade. Hadnt traded for 4 days, havent seen my ideal setup in a while. Time to Adapt! and try some new plays. Bought the b/o pullback which looked solid, but MTBC is so choppy and unpredictable, even if the chart looked good, this stock will break quickly in either direction. Mistake: not letting the chart confirm a move. I sold when it broke below, but it didnt even close below, it held up above 2.40 which is alright, could have at least broke even. More patience.
This one hurt. One of my favourite setups the reclaim higher low onto support. Saw it break through that 1.08ish level, held, a little choppy but ok, got in, everything went as plan, it dipped a little, wasnt thinking, panicked, put in a hard stop, and got stopped out all in 1 fucking minute. Did not have control over my mind, if i had watched that candle hold another 2 mins, it confirmed the support, and went on a nice 20-25% run. My entry was okay. Mistakes: No hard stops! Also more patience.
This was just not smart. Saw this reclaim a support level, made a higher low and bot in, realized it was low vol, mid-day trading, bad r/r, not great daily chart, and put a stop for a 3c a share loss. Mistakes: Dont force trades. I didnt trade tuesday so i wanted to trade, and all morning there werent any ideal setups, i knew it wasnt great. Sometimes the best trade is no trade.
bought the b/o, not so good entry, got shaken out when in dipped below breakout level, I realized it was MMers taking out stops but i thought it wasnt going to hold above, which it the end it did. Mistake: Look for history of b/o's, can the stock hold? turns out it coudn't which was visible. For the most part decent setup tho, probably wouldve taken that play again. Multi-frame b/o, low float, previous runner, hot market etc.
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