Entry comments: HNGR jumped from $2 to 6.90$ in couple of weeks. Last 3 days it couldn't break $6.90 each day.and the low was 6.47$ so it's been in that channel of 6.47-.6.93. Today the volume is low, it's been red all day and I shorted it on a brink of a b/d. I should have waited for a breakdown to be confirmed.
Exit comments: It faded nicely all day to 6.20s, but then since it's friday squeezed at the close. I covered half of my position in the 6.30s. When it turned r/g at the close I exited for a breakeven. My only regret was that I didn't turn my position to long since I kinda knew it would test b/o level at 6.90 which held at the end. i would go long if it broke 6.90 but it didn't
Shorted this OTC stock in anticipation of cracking below support for the last few days which would trigger a bigger drop. Unfortunatelly stock held support and since it was such a light volume i didn`t want to baby sit that kind of position.
Q1 2016 trades. From now on I will only post screenshots of the reports of my trades every Q.
Good price action and I went in with a large postion (for me). Took profits.
Bought 200 shares of HNGR at the very top at $4.45 and it tanked all day. Finally got out at $3.49 for a $200 loss. I’m a dumb ass as usual. Should’ve went short. TDA Account.
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