Testing breakouts. I had the right idea, but once again, in my usual fashion, didn't take profits when I should have. Seriously, someone hit my thick head! One more opportunity to practice my exits. Got out for pretty much break even which is better than a loss. I may have enough profit for a glass of wine. The cheap stuff. :)
I bought this at consolidation mid-morning. I was going to sell, but decided to hold o/n since it was still closing decently, and there was such huge volume. Pretty happy with my entry, but I held this one too long. I should have sold it at the first spike in the morning. There was so much momentum with this one, I held and hoped. Mistake, but overall, still exited with a profit. Biggest one yet. :)
I'm pretty happy with my entry on this one. It panicked hard and I got executed right near the bottom of the dip. Plan was for it to retest former day high. Exit sucked because I should have just sold into the failed spike off the dip. Held all day since it pretty much maintained, and then it gapped down after hours. Another opportunity for learning!!
So, entry on this one was good. Caught the dip. Spiked to where I was up like $15, then just never continued the bounce. I set my support at 4.38, should have exited then but held on for some stupid reason, thinking a squeeze would happen soon with BPTH fresh in my brain. Nope. All the action was pre-market. Need to really work on my exits and stay to the plan.
Looked like a great setup when I looked at the long term chart for spikes with volume, (see 8/20-8/22) I felt pretty comfortable that it would run the next day. I bought and held o/n and thru the next day. Pretty disappointed with this one, but it just goes to show the market will do what the market will do. Cut losses and get out. Will try and keep a better eye on whichever sector I am buying.