Entry: 1000 shares at 1.02. This was a stupid impulsive premarket trade. Merger news had it running so I bought on a dip at 1.02. It immediately went down and I didn't stop out like I planned. I held through open and made a 2nd bad decision to add to my position by 600 shares at .82. NEVER ADD TO A LOSING TRADE. I exited near the end of the day for a $311 loss. Not a good trade at all. Stick to one pattern.
This one up pre market with good news, it held above VWAP and thought it might run. It did initially but then started to fall. SO I cut losses at my risk level. It never recovered so I at least got out with small loss.
bought the dip at open based on earnings/sales news, stock consolidated and then volume faded. Started to crack so I cut losses.
i bought one dip, the stock do not bounce as i was waiting for, but i did no like the price action on level 2, because there was a big seller always on ask, i just get out, there will be another better play.
Still learning Finally understanding more. Have to learn not to fish for trades but to wait for the right moment...
entry - dip exit: when it pull back at $1 resistance
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