Speculative buy: only focus on best patterns .wont work for small accounts
Entry comments: Speculative dip buy on this all day runner Chinese recent IPO, it just touched the 14s, these kinds of plays can go crazy into the close/afterhours on Friday so my goal is to make 75 cents to perhaps even $1/share, buying on a $2/share dip off the highs is key, do not chase and remember to take profits along the way into strength ideally. Cut losses to if it can't bounce as this is very speculative
Exit comments: This isn't bouncing like I thought it would and now its cracking support so rule #1 cut losses quickly...worth a shot given how fast this moves, but also very speculative. Small losses aren't fun but they are acceptable, just can't get stubborn and allow them to turn into anything bigger. Now ARBB is looking better for a potential dip buy into the close
Took a trade in the afternoon, which I don't normally do. Tim S. posted about it in the Student Chat. I actually have to say it is my fault, I didn't evaluate the trade before taking it. I jumped in like a FOMO freak, went right in off the day high at 100 shares @ 12.99 and then purchased 100 shares @ 12.40 to try & average it out. Plan was to hold till end of day, and I should have stuck with the plan. Held for an hour or more and it was trending down, so I cut it with a small loss
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