Took the skid, kept exposure small, and stayed transparent. Losses logged, capital freed for the next setup.
Get out
Reversal long
Bought double top HOD BO risking LOD half size. Then added and reduced risk level to keep risk small. Was risking under VWAP and got stopped out for small loss. Slightly annoyed that it recovered and had big move but expected being Chinese company choppy and midday proved big pullback never can trust these stocks.
WORG, was under green for day, so setup stop limit buy, instantly stopped back out, knew it was sketchy and still played it.
Breakout
Did well being patient and changing risk level. Knew 20 cent risk was too wide and unlikely to reach so adjusted risk to 10 cents and entered twice at 2.4 risking above VWAP 2.5 after double top formed below VWAP. Debated covering some at 2.2 but wanted to be patient and based on previous gap down fades usually fade longer but reversed and stopped out for breakeven.
SMALL PROFIT
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.
