Paper Trade, Oracle Recommendation - bought 42 shares at 7.04, sold in 4 parts, sold 12 at 7.18, gain of 1.68, 1.99%, sold 10 at 7.39, gain of 3.50 4.97%, sold 10 at 7.79 gain of 7.50, 10.65%, sold 10 at 8.00 gain of 9.60 13.64%, overall trade gain was 22.28, 7.54%
Entry comments: Taking this higher float but biggest % gainer earnings winner as it looks like it's holding $7.75; since it's higher float just looking for small gains, maybe $8.50... stop is failing $7.75 ($7.71 is M/r) also this ticker is up at 52 wk highs and even all time highs.
Exit comments: It only able to get to about $8.24 and then had a nice bounce off of $7.80 but then ultimately failed $7.75 getting as low at $7.63 so I'm out. Turns out taking the bounce back over $7.71 into $8.34 new HOD would have been a good play. I need to evaluate my win rate on morning faders that then cross VWAP and break the next M/r (my entry) I think it is very low and probably need to avoid those for a while.
ENTRY COMMENTS: Entered the trade a little above the oracle signal but the pattern was strong and moving up above the 9EMA so I jumped in. EXIT COMMENTS: Moved my stop up as the price moved closer to the m/r of $7.71. Stop loss pulled me out at $7.51 for a respectable 7.58%. May have moved the stop up too much as it recovered to a new high of day of $7.63 and is holding that currently so looks to be consolidating. Then again, it started to run again later.
Had to sit on the hands sold once major resistance was looking like a wall
breakout
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