Thesis – buying at a dip, anticipating a bounce. Premarket spiker. Entry – Could’ve waited a bit longer for the entry. Exit - Didn’t get the bounce as assumed. Sold after 6 minutes at an 8% loss. Result - The price went to 0.45$ towards market close, which is close to 18% gain.
Consolidation right under .50 thought it would take off. Tiny position due to weird spread. It did break .50 a few times. I cut breakeven because ididn't trust it. It got to .52 then dropped hard I would have got caught.
Man I was so right about this setup. This was holding up into the afternoon. When it broke VWAP I took a postion but the bid dropped out so I shook myself out not wanting to get caught in a bigger loss. if i had stuck to the plan a little better this ran to .35 which is exactly what I expected.
A+. decent entry, and projected a PT of 34 (Premarket High), but would have been happy at 31 with 10% gain. Ran out of patience, and it hit my goals between 3:30-Closing bell.
RH short
PM short
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