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This was a very frustrating trade that still continues to haunt me to date (5/3). I bought this stock because it had spiked big in the mid morning on 4/22 with lots of volume, it showed up on my big percent gainers scanner, and it was a FGD. After it failed to be an ABCD pattern intraday, I decided to swing it based on the chart history of running after spiking big. Due to my stubbornness, I held into 4/25 way below my risk. So when 4/26 came, I just wanted to get out, which is what I did.

It had been a while since I took a trade, so I was really wanting to trade something; anything really. So after a massive red day in SPY, I decided to make my first loto play...all I can say is that was dumb, Dumb, DUMB! Thought it may bounce and implied volatility might increase on expiration day. I was very wrong. Won't do that again, even if I'm only risking $100.

First option trade was a success. My heart was racing trying to decide when to sell though. So I definitely need to work on the emotions. Got in after being alerted by Mark Croock. Stock had a first red day on the 7th that bounced off a key level of support around $271-$270. And today it gapped down below that level.
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.