$THRX--Held its gains yesterday and had a key support level of 3.17. Pre-Market I told myself that if it could ideally bounce off of that and VWAP that I could get in for another bounce. However, as you can see, I did not stick to that. It opened mid range between support and resistance but I was so biased based off of the good bounce yesterday that I forgot to ask myself some key questions and look for the key levels. Because of that I now have 3 sticky notes on my monitor under my charts. Questions to ask Pre-M, questions to ask before getting in, and questions to ask when I am in it and unsure if the stock will continue. I think this will help overcome my "blank brain" when that 8:30 bell rings. Anyways, I sold as soon as the stock broke below VWAP because that is outside of my pattern for a $2 loss. Ironically if i had waited it bounced off of the key level, reclaimed VWAP, and I could have bought once it broke the resistance level at 3.35, kept my risk there, and let it run 15c/share. That is okay though because this loss led me to make the change to the setup I have on my screens and will hopefully be a lesson that saves me before entering this type of trade. I can always be wrong.. but I want to be wrong with the right thesis not to be wrong because I was trading outside of the guidelines I set for myself.

$THRX--Not only is this a terrible long term chart. But the news that came out wasnt good either. (In my opinion). Here is the link https://api.quotemedia.com/supplement/news-story/?webmasterId=102132&storyId=8183491955321053. The reason I considered this for the VWAP morning bounce play is because although not perfect, it was setting up well. I have been tracking the moves for a couple of weeks now and the long term charts dont seem to have much influence as long as there isnt super close overhead resistance. Especially with this kind of volume and its low-er float. Knowing this and seeing the tons of volume coming in I watched like a hawk to see what it was going to do at the open. My idea was if it could hold the 2.90 support and stay at/tight to VWAP I could get in when green volume candles started coming in with a goal of re-testing pre-m highs or the 3.37 resistance level IF the stock had good price action. That being said I got in at 2.99 for 3:1 R/R. I got out at 3.11 even though the stock had good increasing volume. I drew arrows to show that the stock was struggling for 10 minutes to get over that pre-market level of 3.16. Because of that and the spotty news I just played it safe and took very small gains of $12 or 4%. In hindsight the stock did do what I thought it would. But I was just so nervous with the news that they were looking to sell whatever assets they could, they're laying off 72%, and looking for whatever else they can to also get rid of. To me it seemed like a short term solution to current problems they may have. I haven't had much experience with this kind of news and I just didnt want to be in something that seemed to be struggling and that I wasnt comfortable with the catalyst of. All in all, happy to have been there, learned a little, played it safe, and "made" $12 on a paper trade.