Yes another loss. This one definitely hurt right after an account take down. ICON was a premarket stock that I was looking at and watched and found shares to short. 4000 shares to be exact. And then the mental kicked in of newbies shouldnt short stocks. so I found a dip off of day high of 1.43 and bought and it tanked. Then life timing came in and i didnt close out before taking care of kids and heading to work. More "tuition" start the grind back up!!!
Added to my previous buy as the price action was moving in the right direction however that lasted all of 5 minutes as the price began to go down and hit my exit price. I was happy that I followed my plan to a T.
Dip buy 250 @ 1.29 as a previous runner I thought this might go again as the volume was there to begin with. Sold @ 1.40 as it started to get very choppy.
Bought this stock when it dipped from its highs and reached the support level in the $1.20s. I thought it was going to bounce and keep moving, but the bounce failed and it consolidated in the $1.20-$1.22 level the whole time I was in the trade. Need to focus on RCT patterns with good volume and momentum, as this was a very slow mover and volume was fading. Good discipline exiting at my stop loss.
It made the move that I was expecting seconds after I sold.. ahhh.. but It was not bouncing and appeared to start downtrending, so I got out. Now it's @1.35 and went as high as 1.38. Nice!
Working on Identifying correct entry pattern. I thought it should have been a Higher Low. #3 on Framework AH buy, previous runner, low float, high vol. Cut losses after stock did not continue to raise and Vol started fading. I bought too high into trade. Cut losses as previous support was broken at 1.20.
Entry date Nov 24, 2025: Bought 300 shares of ICON for $1.23. DNR play, bought in AH when it hit the top body of the first red 5-min candle, big % gainer with morning news, 4.1x float rotation, 2.16M float, former spiker. Goal was .20¢ spike. Risk/reward was 1:2, .10¢ downside .20¢ upside. Exit date Nov 24, 2025: Sold 300 shares of ICON for $1.28. Spiked, gave it time, couldn’t break intraday resistance, sold on the dip.
Entry comments: Taking a position on this low float shipping pennystock on news; massive spike in AH; took position at a support level for more potential upside.
Exit comments: Took my single and ran. Could gap up, but I'm in foreign territory here and don't want to give up any gains. Sold at the double top.
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