Entry comments: intention to take gains after morning spike, then life got in the way. loss was too big to cut when finally got back to the trade.
Exit comments: closing position
Lots of things to learn to remember when to enter/exit, making sure I'm choosing the right stock to play, most esp. FIRST GREEN DAYS but have to respect the patterns, trade the chart... For now I win some but I know I'm loosing more... I want to change that!!!
A bit low volume and 5-cent ticker, but other than looks like nice gap & crap chart. Downtrending chart, active ATM, up on insignificant PR, not a low float. Has okay room to drop. Shorted using VWAP as a guide - had support close below my entry but after it broke down was confident. Price target not too aggressive - ended up being the perfect target. Wanted some covers lower initially but moved all orders up to get covered at 1.75
Didnt have much liquidity, and had the 5 cent tick rule which was annoying, but i took a chance because it fit my gap and crap #2 setup requirements, missed my add like usual lol damn. Held hoping for a breakdown but just so illiquid, no movement.
Nice fade off of pre market high/fluffy news. Didn't get full size but worked out nicely.
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