It went through 4 for a second and didnt close over it along with a nice big upper wick which is a sign of weakness, I dont think it was a bad entry,, it was a 4 dollar fake out possibly a mini short squeeze, and anyone who jumped in early long got screwed, ur dip buy plan was a bit better but stocks that gap up this much usually end red
I took the exact same trade as you. You didn't make a mistake, there was nothing you could have done better. You had a good entry point, above the whole dollar mark and above premarket highs. These were good signs to buy. Just sometimes stocks don't spike and there's nothing u can do except get out quickly. Rest assured that if you continue taking trades with these proper entries, more often than not you will have a winning trade. No one gets it right 100% of the time.
It went through 4 for a second and didnt close over it along with a nice big upper wick which is a sign of weakness, I dont think it was a bad entry,, it was a 4 dollar fake out possibly a mini short squeeze, and anyone who jumped in early long got screwed, ur dip buy plan was a bit better but stocks that gap up this much usually end red
long turn chart shows that it doesn't hold when making new high's....your risk reward for the dip even at 3.36 was around .70 at best
@jeff081874 True that, i seen that right after that everytime it gets to 4 it gets sold off
I took the exact same trade as you. You didn't make a mistake, there was nothing you could have done better. You had a good entry point, above the whole dollar mark and above premarket highs. These were good signs to buy. Just sometimes stocks don't spike and there's nothing u can do except get out quickly. Rest assured that if you continue taking trades with these proper entries, more often than not you will have a winning trade. No one gets it right 100% of the time.
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