Thought shipping was going to be the next hot sector since we just had cannabis/CBDs, then Chinese low floats, so I thought shipping was going to go crazy. I bought the break out over morning high and had a good entry but was having problems at 2.40... I told myself that "if it cant break you have to sell" didn't listen to myself and took a Loss. I've had multiple of these trades where I'm up and don't take profits. Gotta learn to take profits even when it doesn't do what I want it to do.
A little-ticked off and a little-heated rn. I had CCCL, CADC, CREG, JMU on the watchlist because YECO is a Chinese stock and is a big runner so could get the sector hot... AND so it did. Wasn't prepared for the breakouts. I was 100% right and I need to trust myself and my knowledge. Wow. But. HIPH panic to a dip buy. Good entry. Bounce wasn't very great. Wasnt comfortable with it going down again so.... cut losses quickly.
Panic off an OTC bought at support at $5... saw a wall of buyers so jumped in. I don't care about the money just care how I executed the trade and didn't stick to my plan. The goal was to sell at 5.20 and when it reached it I never put it in. I readjust my sell price and it cost me a couple cents. Overall not bad. Need to stick to the trading plan.
First Green Day on a former supernova. Bought the breakout of intraday high and held overnight for a nice gap up. I sold in the first 47 seconds into the market open. Didn't want to get greedy... so took easy profits. One thing I learned from this trade is that I won't try to trade from my phone again. Too scary and frustrating. I'll use my laptop. FGD is something I am getting better at... CBDS, CANN, CRON, and many more had FGD but was caught up with POTN. All gapped up which was nice to see.
OTC breakout from previous day high. In the hot sector of pot stocks. I am trying to get better at buying breakouts and this one I did a good job. Kept calm and let the chart work its self out. Didn't get greedy since the markets are down and took profits. Happy with this trade.
Bought this stock on FDA news.. bought in premarket. Had a triple bottom at 4.00 so got in with a very small position. Wanted to get 200 shares but got 37. It switched my whole mindset. I wasn't looking to take a single, I was looking to get a home run. The stock spiked very quick at the open and you could tell bag holders were just selling everything. Shoulda coulda sold for 40-50 cents but didn't have any size. Learned to keep the same mindset no matter what size
Very disappointed and a little pissed off by this play. I don't care about the money at all. I care about making good executions and sticking to my plan. My risk was 5.70 and I did not stick to that plan and just panicked out because it was a pullback after the break. I need to stick to my plans and get better at this.... First green day on former supernova, breaking intraday high with volume. Need to stop being so scared to trade and trade the damn chart.
Had this stock on my watchlist. OTC breakout with 2 green days was looking for the panic and I got it. I was thinking support would be at 5 and then I saw a wall of buyers at 5.05 so I got in and ran up to 5.20 but had problems. So, I figured it would go down even further. Which it did so pretty good play here. Even tho its a loss. I will do this trade over and over.
Entry comments: Sticking to one of my favorite patterns. Messed up on NBEV learned from it and following my rules. I will look to sell into a gap up/spike next Monday.
Exit comments: Got the gap up and at the morning open wasn't doing anything so looked like it was gonna panic and that's what happened. Should have sold right at 5.13 but was patiently waiting and got out at 5.06. Next time if I don't see it do anything I will just take profits. Good play tho.