Entry comments: Breakout from recent price action on higher volume
Exit comments: Nice gain on this runner, took my profits
Saw it had an offering priced for 6.75. I waited until the 7am open to get somwhere near 7 support at least, once I saw it didn't come, I got out for small gains. It was going to open up on SSR and likely float back up a little, so got out to be safe and not get stuck in an illiquid stock.
Really nice setup on a 10 AM VWAP hold, also had a buy the rumor sell the news thing going on with an earnings call happening the next morning. I didn't like the price action I was getting in relation to the support levels so I cut.
break even on this trade here - got short into the morning spike of about 20% not a great trade. Not a lot of volume so had some decent covers early on but after it continued climbing I got out at break even and it turned out to be a great sell.
Wedge pattern
Not adapting to market conditions... not being patient... and revenge trading
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