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Please see opening slide for entry and exit points... Missed the opening move. Decided to CHASE!!! took a very quick move... not a Gr8 strategy to chase, but if you do you must move fast. Float like a butterfly and sting like a bee! This move BOT and SLD, Out in Less than a 1-minute candle and only holding the stock for 34 seconds, I think some call this a scalp?
See Slide- Missed the early spike (pump) as was very quick did not get executed. Tried to Bottom Pick resistance and play the bounce. Bounce did not happen perhaps too early perhaps wrong- either way when the plan doesn't play out just cut so that you don't get caught on the wrong side of the trade- been there before!! this a scratch
Ran much later in the day. I was way way (Capital W) to early- My thesis was on volume should run to 6 bucks(ish) it was falling so I cut for a scratch exactly Zero after commission- came back to look later and it hit a high of 6.5 shoulda woulda coulda--- lesson dont hold an hope...get in at the right time Not WAY TOO EARLY!
no chart today- Thesis was bounce on volume, stock 1st went against me and was under water, slowly come back and cut for a scratch. Coulda held a little longer for a profit but played it safe. just watching the ticker now and it is running somewhat but safe is always best cut losses qwk and take profits when you can or exit early if uncomfortable with the way things are going- Have a plan and stick to it.
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