Bought before the breakout going into PH when the stock was forming an ascending triangle into the HOD. Wasn't patient for the dip down to $.185 to confirm it would hold which may have helped me to have conviction on the trade. When the NHOD wasn't convincing, I played it safe and exited the trade but it ended up needing a little longer to spike and did up to $.22s. After the second attempt, there was nothing but strength.
| Date | Price | |
|---|---|---|
| Entry | 1/25/2021 | 0.1879 |
| Exit | 1/25/2021 | 0.1873 |
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I got out of the trade cuz I felt rushed and impatient after missing BMIX but need to stay focused, patient, and trust the pattern. I did a good job not chasing BMIX even though chasing at $.024 would have been acceptable. I waited patiently into the afternoon for a trade like OZSC and let my emotions trade the stock. I had a SL in place with a wide enough risk that allowed me time to let the pattern play. Need to trust this ABCD/ascending triangle intraday and take advantage while its here.