bought this recent good news runner overnight to catch a second morning increase. It gap'd up, dropped, then started to go back up. I sold into the drop because I did not want this to turn into a loser. later in the day it hit 23 cent before steeply dropping.
Same as notes from the last SRSP Trade. This was a revenge trade and I paid for it.
I was so pumped about CIIX, I wanted to trade again.1st mistake, I did no research; all I saw was the stock moving up.2nd, the stock was already 200% on the day.3rd, I bet way too big. The intraday 5/15 pattern does not work as effectively as the daily.Last, my mind set was just wrong. My goal is to wait for setups on the daily chart that fit my pattern. I broke my rules thinking I can beat the market. Im still up for the day however this sucks Concentrate on your rules and goals Nothing else.
Month 1 Bulk Upload - Won't let this happen again so I leave adequate details next time.
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