I am still unsure if I was stupid to enter this trade at all. After the .64 breakout to .88, I entered on the dip that held at the .72. The chart and volume was nice, so it seemed like a good opportunity. I got in with medium size relative to account size, had my risk level set and would've respected it no matter what. I wanted to exit at the .88 level but I got executed at .915 or so. Made a nice profit, but only minutes later it halted. I am unsure if I consider this a true victory, as I could've very easily got stuck in that halt.
My trading style is mostly long biased and technical (can't short yet, lack the funds). I'll read SEC files and news but I only look for specific things. Some mix of "longer-term scalper" and basic fundamental-analysis driven momentum/ swing trader I guess. Ultimately I aim to avoid subjecting myself to random market events by reducing the exposure time in a trade. If the catalyst is worthy, I'll hold longer until the trend changes or I see reasonable profits. Thus I must be in and out quickly. Taking all this into consideration I feel it was partly successful - I respected my plan and executed it very well on good price action, chart & volume staying true to my rules at all times.
But on the Fundamental side, I am unsure if I could've avoided the risk all together. I didn't have tons of time to investigate the fundamentals of $DGLT. Even though it was a profitable trade, I feel this profit might reinforce a bad lesson especially if the halt was at least somewhat predictable.
My question to the profit.ly community is, was this halt predictable? Can the time of day, crazy % change, sketchy financial report information, price or any other factor be used to predict such events ? Or are longer halts like this just totally random? Care to share any experiences with trades that get halted? Would rather avoid something like this in the future if I can...
Thanks in advance!