Multiday breakout. Beautiful setup, too. Higher lows over two days, ascending triangle. Exactly what I look for. Plan was to hold it PM to PM, but before I left the house, this feeling was eating me alive: I needed to exit the position. Had to boot up my computer, fire up the platform, and get out. I was almost late for work.
Multiday breakout, mostly. There was a nice spike a few days ago that was a little closer to 1 than it is now. I really think this will go further, really high today. Can't even.. think how high. Probably 1.10. I'm just so sleepy. Took profits so I can maybe get more napping in before work.
Not sure what to call this pattern, so I guess it wasn't my pattern. It was a long term trade on a less than volatile stock. Trying it out, you know? I probably would have held longer, but my losses on UAVS and $BGFV made me want to take profits to break even - not ideal, but you know how it goes. Losses can definitely effect one's psychology and mess up one's strategies. Either way, I'm not inclined much to hold over weekends.
I was hoping for the breakout. Bullflag at 52 week highs. Admittedly, not one of my patterns. I thought it would do better because everyone I know is camping lately, but let's face it: it's not in the hot sector. And it seems like earnings aren't doing that well as a catalyst these days... at least not in the long-term. Anyway.
Averaged down over days, waiting for cup and handle. My initial stop was at 2.90. Every day it put in a higher low, I raised my stop to that higher low. Today, that was 2.98, but there were a lot of bids at 2.95, so I decided to give it a little wiggle room. Much my folly! This morning, I actually considered adding at 3.02, but I thought today was the day it would fall apart. I should have exited, but just in case my initial thesis held, I wanted to be in. Write up this weekend.
UAVS, You Rogue! Hmm... Well, I was just trying something. Higher lows off the bottom - trying to buy the big ole dip for the slow ride back to previous highs. Went small because I don't trust UAVS. Took the trade because I trust my pattern and setup, but UAVS... that wily critter. Stopped me out when - apparently the whole market dumped some? I was at work. I'm just gonna have to be even more picky. No playing with these nasty UAVS' while I can't sit and watch.
Multiday breakout. Bought in anticipation. Held PM to PM. Tried to sell at the end of AH at 1.66 but missed it by seconds. I could have been more patient with the trade this morning, but it was hard enough holding all day. I looked at the daily chart - saw the 26 week breakout coming. Beautiful uptrend for 10 days with the occasional pop. Approaching resistance. Broke $1. Energy sector hot. Low volume - not too volatile. Bought after bell, put stop under $1.
I was trying to buy the dip for continuation... which, admittedly is not something I have practice or experience with and not one of my patterns. So, bad trade all around. I should have got out on the first bounce where initial support failed - no need to wait for my stop when the trade is clearly going against me.
VWAP hold. Over 200 million shares traded - could not be ignored. Held vwap most of the day, except a small dip. Higher lows. Risked the second last dip. So, my stop was 1.04 to give it room. Was risking 7 cents for ... well, NOVN is/was a potential gap-fill, so potential target was 1.80. I got out when it couldn't retake hod. Definitely premature, even though it was carefully considered. Still working on that