
Entry comments: FGD on massive volume, finished strong with a brief NHOD. Bought on the breakout right before market close aiming for a gap up on the swing trade. In the last minute of trading price dropped and afterhours trading has been spotty. History shows this stock can spike and there are generally multiple green days in a row. Used a small position so I let the pattern play out and not worry about massive losses overnight.
Exit comments: Afterhours and premarket action was very weak, cut loss once premarket trading opened up as the price hit my stop area at 4.35. Takeaway - I went into this trade without a defined trading plan. Instead, I was hoping the price would gap up despite the last minute weakness at market close. I also didn't want to waste my last day trade. From now on, define risk levels and ensure R/R makes sense - R/R was garbage on this trade and I should've cut my loss immediately despite using my last day trade.
| Date | Price | |
|---|---|---|
| Entry | 7/16/2024 | 4.86 |
| Exit | 7/17/2024 | 4.32 |
- Total Views16
- Position Size100
- Percentage-11.11%