Looking to buy this at the $9 dollar break out, but these higher priced stocks move so fast I got shook out as it jumped back below. Cut losses quickly. That should have been it, but I tried again soon after because I was Ã¢ÂÂhopingÃ¢ÂÂ for the move, not watching the p/a which was indicating a breakdown. These higher priced stocks move too fast for you at this stage.
Got in on the $2.50 breakout and should have been happy to get out at $2.80 which you mentally planned as your target, BUT, trying to force more from the stock that it had to give, because you were trying to recover your P&L from an earlier loss made you overstay and not take your profit. Poor trade - take each one on its own merit.
Need to learn to time your entries better. Be patient with the entry, it’s key. You could have set your limit for around VWAP for a much better entry. Good solid volume, holding VWAP on dips, consolidating after dips. Much better rebuy, but you need to trust the chart. Let the chart run, don’t fixate on your P&L. Good trade. I’m so angry at myself. Following into a late day trade and losing all of my gains. Finished the day $67 up instead of $627.
Was watching this for the morning dip buy. Psyched myself out when I saw it dip to .72, then chased it up because I didn’t allow for slippage in my limit order. So I have to learn to let it go and not buy in at the highs. Was then too scared to go for the secondary dip, which was actually the better of the two. Lesson learnt, and cut losses quickly.