Entry comments: Weed stock swing trade.
Exit comments: Cut losses, not quickly enough.
Trading this from a car driving through the mountains. Small size, got a push up to $1.50's and was slowing down so just took profits since I wasn't sure when I'd lose service. Ended up going to $1.59 before coming back down and having a proper spike late afternoon.
Swing traded this ticker in a hot weed sector as rumors swirl that President Trump will change weed from a Schedule I to a Schedule III drug.
dip buy
Bought this stock thinking that it would bounce, as it is a previous multi-day runner, with volume, and dipped back down to the support levels. Ideally, this would have dipped to the $1.50s and consolidated, then went r/g. I believe this will bounce on Monday or Tuesday next week, so I will keep it on my watchlist. Good lesson, data, and stuck to my stop loss.
Overextension. -0.24R. Took this one. Choppy because it stopped me out in the first attempt and it squeezed one more time before failing. Choppy first red day. Risk was always the $2.5’s.
Tradefundrr
dip buy
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