Morning spike didn’t play out.
Early spiker, early dropper.
Entry comments: Entered this short term swing trade as the stock price was breaking out. The stock has had some good news over the past few days and posted multiple green days. I think it has room to grow further.
Exit comments: The stock was into its 3rd red day. I decided I better cut my losses. Then, it started climbing again. I probably should have held another day or two.
This was on my watchlist and a top pick for me. The volume wasn't where I wanted it but I saw breakout continuation. I took a position in premarket when it was very close to support area with plan to go through open. Exit So this squeezed up really quick and i was green but my plan was a longer hold. Pullback broke support but came right back up to support then had a nice gradual bounce. Very quickly came back down to low of day and this is where i'm cutting all my postions now seeing SPY/QQQ
Entered this short when it looked like price broke through support. It was still a foolish entry as the price in general was in an uptrend. Should have waited for the double top. Doing so would have kept me out of this trade.
IRIS Recommendation -- sold when hit stop loss
Entered a little late as the price as breaking out first thing in the morning. Closed quickly when the price action failed. Should have watched for a reentry point. This stock went on to produce great gains and I missed it.
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