Sized into what I thought was a morning panic dip buy. Just channeled till 1:30 before spiking again. I didn't want to be stuck in another stock that didn't bounce right away.
Entered on Opening Range Break. Just after entry we were tied up at the Retreat and my computer was updating/loading. It dropped down to around $3.60 and then went on a consolidation pattern sideways. Since it was going sideways I set a S/L at $3.50 which it never hit. Around 2:00 it started a run up to $3.94 and I needed to walk away. Ultimately set a S/L hard stop at $3.70 which it dropped to while we were in meetings. Acceptable given all of the things going on.
Stock gapped up near resistance on the backside. Dropped at open and bounce so shorted. Got a nice drop through g/r and covered half in the mid $3.50's then ended up covering the rest during sideways consolidation when it looked like it was going to uptrend. Ended up spiking back green back up to $4.
3 trades - 1 long and 2 shorts. - Im trying too mnay things and not focusing on the one play cause there are sooooooooo many plays today that it was hard to keep up and I missed the best ones. AHMA was a buy for me on rct and missed it. also bnkk rct in pm and missed it and couldnt pull the trigger. Need to learn to accept losing money will happen but you got to trust yourslef and trade smart. You know this Mo
Looked like a nice cup and handle, failed though so I exited safely.
Previous runner in the hot space sector, was hopeful it would perform today, but it simply was not moving in my favor, so I cut the loss.
Tim Sykes idea but dropped at the open. small loss and moved on
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