Ooh. Did not cut losses quickly.
Bought the break over over candle body highs looking for a squeeze. Got a little bit of one but the spread was so terrible It made me uncomfortable in the trade so I exited quickly with a profit.
Bought at support in the mid $12s since it was off its high of 18.48. Goal was to sell into strength when/if it started to retest $14. Price action was fast with volume fading. So I thought it best to lock in profits and not risk it turning against me.
I screwed up. I should have sold this when it was in the low 23's but I held on hoping for 24. I didn't sell at my SL at 20.50 because this stock was so volatile I'd let it dip below my stop several times and it bounced back. Once it set a couple of 1 min candles below my SL I decided to sell for the 10% loss. This trade really messed with my head.
Was looking for a sympathy play here, had the same skematics at VVOS but not enough volume. Shot to 15.75 HOD after my sell but just wasn't strong enough to hold
No Profit here....I am getting good at losing! Figuring out what not to do!
B/n p/m. Bought on the dip after the first spike. Dropped immediately and clq. Didn't really recover for the rest of the day.
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