Entry comments: Saw on RB scanner. Crossed $1 thought had some more run. Boy was I wrong. Thought it could break thru pre-market resistance of $1.03 but hit it for about and hour and didn't make thru from 10:05 to 11:15. Should have sold now holding over night/weekend. Not Smart
Exit comments: Held too long. Should have gotten out when had a small loss. Had one big spike couple days before I closed. Again thought might run again. So instead of taking only a $300 loss after that spike I kept HOPING another run possible. STUPID, DUMB. Cut losses quicker and don't hold overnight going to try and be more strategic this next year and not hold.
My scanner identify this stock as current day runner. Stock behaved as a crazy horse on field, but then I see a pattern. Couple steps Up, couple steps down, and it repeated itself, bounsing fro 50 SMA. I have EMA and SMA on a daily chart. Tim describe this chart as a stepper. SO, I start "claiming" the steps... Exit on the last step, or platform , just to see stock plunge into oblivion.... Take a look at the pic.
Im not too mad about this trade, because entry, and the chart flow was OK, but I wish I had looked at the float before entering.
Thought this would push up with the sector then suddenly dumped hard lukcily I had a stop that saved me.
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