Decent short on fluffy news...one more spike later in the morning....held on until the close and major drop....did 5 trades to take profits...planning on 3rds
Dip bought the pull down to congestion from the 10th. Down 16% on the day.
Been getting dunked on for the past month. It's time to look for new strategies and setups.
Pullback play didn't have the best catalyst. Didn't hold up decent RR
Momentum Play. I based my thesis off Dux momentum strategy. I knew the spike wouldn't get up to 20% but had a goal of selling with a 15% gain. I had a great entry at 1.91 when the stock slowly started to gain momentum risking VWAP. I wanted to get out at 2.09 but was too slow and was out at 2.06. I'll take 7% any day, especially when it felt that easy.
Entry comments: Stuck in it. It may go up. Will hold for now.
Been getting dunked on for the past month. It's time to look for new strategies and setups.
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