Bought PM after news came out got a dip back to R/G and bought half size 25 shares 20 cent risk. Plan was to add regular hours if uptrending but dip at open and cut trade before risk since no vol came in with news so figured it goes no where was right.
Entry: Had PMH of $3.08. Was low float and approaching back to vWAP and thought could break vWAP and test PMH and then break to $3.2's for 7-15% - Exit: Couldn’t get through vWAP and dropped so cut.
Mid day dip buy on a second spike day, but waited too long (extra 3 min) to enter as a result missed some movement. Seeing volume shrinking, exit the trade.
Not a bad setup, just didn't climb higher. Have to remember to keep losses small and keep trading potential breakouts. Not all will work, but some are moving.
Flux Recommendation - sold when price hit stop loss
Waited too long pre-market to sell so missed the pre-market highs. Was hoping for a big move but didn't happen yet. Will see what happens when the market opens.
This trade felt like gambling! Didn't really have a game plan and was thinking it could get back up to $2.93 HOD. Stupid trade!!!
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