Learned today...

Well today I promised myself not to panic sell like yesterday. Could have made 10 percent on my trade easily after the jump, but took a 10 percent loss...

 

1) I was in two different trades with my small capital. This was exhausting my attention and my resources. Today, I committed to trading only one security.

2) I did the morning dip great, but was not patient enough to see results and then was selling off a couple of times to scalp and eventually bought at the top of the morning dip before later consolidation. Next time, should take the dip and then wait for a nice jump. I did the math and with just 100 shares going from my 1.12 entry to the 1.20 that it found itself later, I would have done better than, buying back in to catch more of the move. 

3) So need to take a small position size like I do, and let it go or average down later. And be patient. 

 

Happy with...

 

Happy that I saw that this was a great catalyst, also that I didn't panic sell as it dipped to 1.08 with no more capital to average down. That I saw on the cart that 1.08/1.09 were supports for this stock. And gave it time for the other traders to see it holding and consolidating. 

 

Happy that I sold into strength, but I should have waited a bit longer, but not really so sure if I should have, because sometimes you do that and it can go down a lot on the delay. 

 

Differently...

What I would do different is take a position on the dip and give it more time to spike to sell (instead of selling and reentering).  Also, I would have then waited to see more clear consolidation, if I would have I would have had a lower pos too in the consolidation dip.  

 

Looking for a day two here. UPS contract is big. Has potential for a day 2 run Playing the pattern and supports again. This time with waiting longer on my initial sell.