Second try on this ticker today, I tried a different approach and got in at $.92 for a $1+ breakout, however, the stock got to $.98, then started dipping. This is a very choppy and annoying stock as there are big spikes up and big dips down. I cut it for $6 loss, so it was still a disciplined trade. Key for this trade is to get in earlier in $.80s or on the bounce off the VWAP. Good cut, as it went down the $.70s shortly after I got out.
Entered this stock on my phone at the dollar cross when it was gaining momentum. It was struggling to breakout past the $1.06 level, then started to dip very quickly, so I cut it at $.96, as it started to look very weak. I did not see any news for this ticker and it was around 11 AM EST, so I feel that played a part in the stock struggling to spike more. It was also up over 200% on the day. Good trade, stayed disciplined.
Paper Trade - Oracle Recommendation - Bought 300 shares at 1.04, sold at 1.01 loss of 9.00, 2.98%
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