first post. $500 account.

RAD. sector play, Rite aid/ Walgreens merger. acquisition to be a strong monster in the market. 

Looked for a morning spike due to merger news. Noticed it running on jun 26 @3ish. Put on watchlist, made a plan. 

looking to End UP on the day. felt confident.  (Risk/Reward 1/4)  (PREPARE 74%).

Resistance @ $4.11. Support @$3.78. 

Paper-trade.  Bought 70 @ 4.06 3:51pm Jun 26/17.

CLOSED: $3.94  Aftermarket $4.18

OPEN: $3.93\

June 27/17

9:30. Opens @$3.93 

9:40. hits $3.85 (pretend sell)

9:45. hits low of $3.77. (bottom of candle) Pretend sell Executes 

9:50- 11am. Hovers between $3.82-$3.95.

Stopped watching and licked my wounds. 

Lost $.19/s = $13.30

commissions =$20

Total loss : $33.30

$500-$33.30= $466.70

EXIT: Misread the cues and didn't notice the double top.

Bought in too early. Next time wait until it breaks the resistance.

Don't try and anticipate the break.