I believe I've had an Aha moment when things clicked and I think I got it, at least some of it. I sized way down so I could prove my thesis.
Because I sized way down to prove my thesis, I should have let the previous trade play out, but old habits are hard to break, so I went back in to see if I could make any of the $.50 per share I left on the table back. Unfortunately, I went back in at the high, so I need to concentrate on allowing my plan to run even if I lose. That's the whole reason for sizing way down on the higher priced stocks.
Played the first small dip. Almost straight to red after entry. Gave it time to come back. Didn't happen so I exited
Took this position on a coal play with Trump signing an executive order; nice run to the HOD; looked like a double top so I took my gains...nice friggin breakout though. No worries...I took a piece of the move and made $100+ in an hour. Nice Afterhours trade.
Entered this long position when the price was breaking out to new highs. Unfortunately, the breakout did not hold. Closed when the price dropped through the mid level support.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
