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The $ gain for this does not represent how comfortable I felt in this trade and how happy I was during my plan. I waited patiently, took my short correct, planned and covered my 1st position near the whole $ number and then planed and covered my 2nd position at longer term resistance after a breakdown failure ... Not a tonne of money but I'm feeling much calmer in trades now!

The P/L here in no way reflects how much more comfortable I'm feeling in trades as my market time increases ... For probably the first time so far I felt relatively relaxed, calm, composed and was fine in watching the chart dictate to me what to do ... My plan was shorting into the over extended gap, a cover in the $4.60 premarket lows and a second cover further down at the next resistance level ... As it was it never got there but i took of half, set a hard stop and that took out the rest.

Although its a worse entry on paper, it was still the right trade when it came to opening range breakdowns ... Waited for the first 5 minute candle to set it's range & took a short position once it broke the low of day, risking off the prior candle close price. I wanted to sell in 2 places, once at pre-market support of $18.75 then the second lot @ the half dollar mark of $18.50, possibly holding 1/3 to $18. As it was it spiked a bit so i took it all off in 2 sells, although it did crash later.

Did I sell to soon again? I'm unsure. My plan was to ride this down closer to the $4.00 area after a big morning gap down and a failed bounce off the HOD, however when I seen buyers pile in not only on the Level 2, but also on the minute chart (shown by the long bottom wicks) several times @ the $4.30 area, I decided to take it off as it looked buyer heavy. It however then dropped to the $4.05 area so I was right in my planning ... Perhaps in future take half off and let half run?

Less said about this the better. Wasn't in the right frame of mind to trade due to life getting in the way a bit, my pre-market research time was chopped to about 15 minutes which isn't anywhere near enough ... For some reason I thought I'd found a long term resistance level to buy off and decided to buy, which is ironic as this isn't even in 1 of my setups! First time I think I've been "pushing" to trade so I need to remember not enough prep time = no trades.

Biggest loser to date, although I'm not to annoyed about it. This play set up very similar to my DVAX profit last week, a stock with bad news, gappnig to all time lows, under a whole number, rejected the $2 area P/M, all looked good ... And all was good, if we ignore the opening 3 minute spike which I cut my loss at! My only question is how my loss is almost 3X my initial risk level? Partly due to this being a $0.05 per tick stock, which I never realized! Some lessons learned none-the-less.

Urgh. STOP. SELLING. SO. SOON. Who knew, this "let the pattern play out" thing would be so difficult!? A tiny profit that should have been closer to a $200 profit if I just let my plan play out as yet again, it played out exactly how I thought but I sold early ... A morning gap down that failed to break above the resistance of $6.75 area 4 times premarket seen me short and risk off that ... Within 15 minutes this was down in the $6.30 area but I sold again to soon into the collapse.

A mixture of many good things all happening at once ... This stock was wild, gapping up over $3.00 ($10>$13+) pre-market to then crash under $9.00 5 minutes before the market open. It had a big run which I thought would catch some buyers, was gapping under a whole number and also had a void to fill ... I got in as close to $9.00 as possible, risking of a consolidated breakout above $9.00. This collapsed to the $8.15ish within minutes of the open but I took profits at $8.50 = $0.45 Profit / Share

ARGH, the frustrating part of this game, when your plan is PERFECT but for some unknown reason you take tiny profits? Buying near long term support ($4.72) and risking off that area ($4.65), my plan was to ride this up to roughly the $5.30 area where it had some longer term resistance ... Bought near my risk, watched it spike to $5.40, job done? Nope, for some reason I sold at $4.79 and I literally have NO IDEA WHY? Profits profit but it should have been 5X the amount.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.