Major overtrading in this July 025 batch. I even went so far as to revenge trade with way more size than I'm used to. Thankfully I cut most losses quickly, but I need to embrace the "less is more" mantra. There are some good short plays in here, and multiple trades are combined.
gETTING BETTER W/ R.M.S.
This was TS alert. Bought at end of day on Friday. It gapped up nicely on Monday morning.
Sykes weekend play held into the open to either dip buy or size in and ended up doing both. stopped me out for a decent profit. Need to lower my stop more precisely though as it ran after and I was less than 20 cents below VWAP/9EMA, which is against my rules.
small profit on Sykes weekend trade idea, I should have held longer but small profits are bette than loss for me right now, continnue learning. I like the trade idea and was able to trade it at 7:50 pm so I did not chase Tim's idea I evaluated and used the trade idea for my own, continue to work finding more of my own trade ideas.
Entry comments: I'm buying this recent earnings winner/turnaround story as there's rumors of a big new investor and/or their recent pivot to embrace AI...goal is to sell int he high 1s or 2s, but as with MTPLF I will cut losses if need be if it can't hold these gains...still looks like more upside than downside risk right now, day high was 1.80 so this is a nice dip off those highs which reduces my risk
Exit comments: I'm out near the open for disappointing profits...it go tup to 1.90ish and I thought 2s for sure, but now just a slow gradual fade so I'm out to be safe, still nice % profit from my entry Friday
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