Preserving capital : ) Cut losses ; ) Didn't react like I thought : \
I saw this one going down, so I thought I’d take advantage of it. I tried to sell at market open when I was up over $50, but due to my crappy lag this morning, Sold just before the stock bounced a bit more.
Unlike yesterday, I ended up buying in anticipation of the R/G switch. Initially ended up risking 80 cents, then as it held VWAP I moved up my risk slightly. Using 5 minute candles for the moment, much less stress and easier to see actual momentum turns. It's now coming back to test the VWAP, could be a potential re buy for a scalp if I had the funds.
13% loss, try to keep losses between 7 to 10%
Entered a bit late on green candle crossover 9SMA on yr/d and 4hr/180d. Stock completely reversed course after entry and eventually hit my stop for a loss.
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