Terrible bag holder stupidity. Tried averaging down a couple of times and learned not to add to a loser. Stock has been on a decline and unable to break 50 day SMA. With an outstanding ATM and non-compliance with risk of delisting I finally decided to cut losses to preserve the remaining capital. Tuition paid on this one.
News of biotech milestone passed/achieved. Spike pullback, didn't get in on bounce off support (very quick), but then broke out over morning high and was consolidating for a couple minutes so got in thinking it could really spike. There was resistance overhead but at the time the volume was decent enough for me to call it a fresh chart. Work on setting a better risk level and planning size accordingly
Was actually a textbook gap and crap setup, but this was weird, it reversed on surprising strength. Still think the setup is solid, this happened, no problem
Entry: Bought this p/m winner on a lower high that was near the open high. Hoping for a B/O to new highs and sell into resistance Exit: Could not get back to P/M highs. New lesson I will watch for is not to buy stocks that can't break their p/m highs
Two trades here, first one was good, I waited until the triangle formed and VWAP support was established to enter, then sold into spike for a nice 5% gain, second trade was dumb
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
