haafamillion
haafamillion Jul 11, 5:31 PM

@jdub5607 great job! I look forward to the blog post analyzing when you got in, what your risk level was, what you thought it would do, where you took profits, and why! :D

jdub5607
1
jdub5607 Jul 11, 11:51 PM

I originally bought in the morning after it broke out at 1.75 with volume. My entry was at 1.76. I should have sold after it could not break 1.90 but I was being patient thinking it could break 2 and really run like it did in the past. Ended up selling at 1.79 for small gains. Then I entered again in PH after it broke the HOD of 1.90. Risk is 1.86. Will for sure let you know how it goes!

haafamillion
haafamillion Jul 12, 1:43 AM

Beautiful entries. I missed the initial breakout, then missed the PH breakout. 1.86 was my original stop, but I got shaken out in the chop - I often do when I don't get in where I want. Very nice play for you. Hope it works out :D

Integra
1
Integra Jul 13, 11:48 AM

You really capture the feeling of trading.

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Lyoness
1
Lyoness Jul 01, 8:39 AM

@haafamillion I just want to say, I've found that stocks that close very very strong on the day (within 90% of their highs) and then gap down (like SOLO did), are more likely than others to squeeze above r/g. But they don't necessarily make it far. It's enough that I avoid shorting those setups on overextended gap downs, but not enough that I would take them long when they broke r/g. Well, I hardly ever take anything long, so that doesn't make a big difference. Great analysis here, your ann

haafamillion
haafamillion Jul 01, 11:23 AM

@Lyoness Thank you so much! I was glad to do it. I had so many "aha!" moments on this trade. Well worth the 10 bucks.

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