Entry comments: Long 500 @ $1.82 on M/R flip
Exit comments: Sold 500 @ $1.92. Grabbed a quick $0.10 gain as I can only trade in pre today.
Bought this thinking it would break to new highs then got alerted on STT breaking news it was a chat pump. Clear indication to get out but I was thinking one more leg up possibly but that did not happen. dropped below my stop by 2%. Said to myself no bag holding which almost happened and just cut it.
Thought $1.50 was god support, below VWAP not a good patten.
Was risking off of 1.50 and buying into the weakness in the 1.6s while coming back from the 1.70. Waited a bit to see what it does in the 1.50s. Support at 1.5 cracked aggressively, and I got out. Executed according to plan and cutting the position. Nasdaq is dropping 1% in the background so need to remember to factor that in next time. Update 9:56 am: GXAI tried to bounce into the 1.50s again. Maybe just a choppy play and I was just making up patterns.
Premarket runner with news, got into the dip after the spike
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