BAR, I knew I shouldn't be in this. Tried to cancel order, but already executed. Too much size, did not confirm the Break Above Resistance, and was rising and dumping all day.
This is a failed attempt of breakout trade. No set up works 100% of the time so this loss was okay.
Stock started ramping up AH 10/13 getting up to almost 14. PM 10/14 the stock got up to 22 before coming back down to 16. This seemed to be a key level. I watched it spike after the open getting all the way back to 24. It came back down to 18 when it seemed to be bouncing. A little premature as it came back down to 16. Not sure I could've held all day for the afternoon squeeze. Good vol, low float. Need to be a little more patient.
sized up thought it would bounce back but it did not I am learning
Mirco float in pre market it did not get me out at the higher price but happy with the profit to start the day off right
Took a small position in A/H at the close for the spike up on this former runner and mirco float
HOD breakout entry. Even though I made money on this trade, it was undisciplined, as the risk/reward I set was 1:1 and I did not cut the trade at my stop loss. I wanted to give it time to play out, as it had momentum, however, need to be more disciplined. Daily chart is a bad sushi chart, but it has ran big in the past. Went to $22 shortly after my sell and then started to drop.
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