Entry comments: Bought on a swing back over VWAP showing that there is in fact buying pressure likely keeping aggressive shorts on their toes. This ones a mover, already LUDP halted twice for volatility. Goal is 20% with risk in low 1.20's. Hoping for a turnaround in my trading after taking it easy and trying to be selective.
Exit comments: Not confident in it's consolidation and sold precisely before a big jump up to 1.49 which would have put me into a green trade at least but it wouldn't have been a "true" green trade. Getting shook out is based on my previous experiences with other trades in similar positions where I got rekt on almost all of them. This decision was based on what little experience I have gained in the last 1.5 months or so, not upset with it.
| Date | Price | |
|---|---|---|
| Entry | 11/14/2019 | 1.38 |
| Exit | 11/14/2019 | 1.33 |
Revisiting this late day I made the right choice in cutting losses when the stock didn't do what I wanted. I'm not profitable yet but I want to get the newbie mistakes(this trade isn't one) out of the way early to build a strong foundation that isn't a house of cards getting bigger and waiting to topple.
