Entry comments: swing trade
Exit comments: slow moving. exiting trade
Entry comments: Multi month hod breakout on increasing volume. I've this stock on my watchlist has it has been chopping around for a few weeks. It finally broke recent highs today into the close. Looking for continuation next week. Setting my stop at 7.50 with a target middle 8s or higher.
Exit comments: Huge drop at the open, but I held as it bounced. It then started back down, so I cut my losses. Turns out, my stop of 7.50 held up and it bounced back above my entry price in the afternoon. I should have held.
Entry comments: Spiked in premarket due to licensing news on a potential cancer drug. It pulled back and the open and then bounce, ran all morning. A better entry would have been in the upper 5s after a solid bounce, but I was not watching this. A little bit of FOMO pushed me in at the high of day.
Exit comments: Going nowhere, cutting my losses.
Nailed the dip buy on this back near VWAP and also right at the Oracle level. Got a great entry and this was working so well. Had a goal at resistance off Oracle at 6.72 but when this got above 6.50 but couldnt hod that level and the HOD i took my gains since I've been losing. And of course it pulled back to 6.40 then broke through and hit 6.75. Shit left another $200 on the table but needed a green win and day
This is the definition of how to handle this trades. It wasnt a large gain but I cut my losses short and re-entered later when the trading opportunity was better.
Cut quickly. Will look to re-enter if there is a better opportunity.
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