I watched CTM because it was an earnings winner. The key resistance was around $0.76, and I entered after a 5-minute candle closed above resistance at about $0.778 with 320 shares. The mistake was that I focused on the candle close but missed the bigger issue: volume was dead. The stock moved slowly into resistance, got stuck, and didn’t show strong buying pressure. I sold around $0.7601 because there was no volume, taking a small loss.
Got in this strong stock. 5 Military contracts, 3 years cash, no debt and it never run. I did not set a stop loss and kept waiting for it to run. Not a nice loss but I do live to trade another day.
Cutting losses on poorly executed trade. Ironically it spiked in the after hours
Cutting losses after stubbornly holding but failed to squeeze today
Cutting losses after stubbornly holding but failed to squeeze today.
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.
