Entry comments: Company will be acquired @.34 per share. Volume up over 600%
Exit comments: Got out before it tanked. Small profit..but a profit.
Went long for a #2 pattern ramp. no news or catalyst
Learning to control emotions, cut losses quickly, have probabilistic mindset, getting more experience by loosing.
low volume not a real good trade yet for my small account took the chance once i saw momentum but it was not long lived . cut losses quickly.
This was number one on the scanners, so I jumped in at the .385ish support level thinking it would keep running at least for another run at the .46 hod. I found out later it was an acquisition and that those aren't really plays. I got out for a loss to free my money up for other trades. Happy, I was able to cut and move on as that's an issue i've had, getting hung up on plays.
PM short
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