One of my older set-ups; bought this low float bio tech on a pullback to 11% from a premarket spike on news and trading less than 1 million shares the day prior. Was able to get a nice 10% spike on entry, BUT got GREEDY and didn't sell on the 10% spike. Wound up dumping to its opening, was patient for a small bounce to exit before I headed in to work. One of my worst trades in a long time.
Day. Stupid. No discipline. Wanted to get green on the month for 1st time in long time & lost all profits with this.
554TH TRADE. NOT A BAD TRADE, S/L TOLERANCE WAS SET AND IT HIT. ULTIMATELY WENT DOWN ANOTHER .20'S AND THAN RAN TO THE 8'S.
CING coming back to spike past multi-day support/resistance! Made entry just above $8.90 multi-day but got a big spike on the candle that resembled a shooting star @ high of range so exited to be safe since that is a bearish candle signal. Patience was excellent & awareness of support/resistance was on point. Trade profits would of been better will earlier entry & tad bit later exit but all in all good win.
Not a bad trade if I had better execution. I bought the dip too early and then averaged down too early, I find these setups can work a lot if you take small size and sometimes average down. Probably not a good idea to PLAN to average down though. Also, right now I should not have traded this. FOMO, undisciplined, and very speculative combined on this trade.
Went all the way to $9.69 but didn't hit my sell order at $9.82. Started coming down so sold at $9.35 for a small profit.
Was bounding up and down so created a sell order. Blew through my sell order again but kept up-trending. Should have bought more.
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