Missed entry on ADOM on Friday.  This was the number one stock and I missed my entry trying to nail the very bottom.  Then when it perked 3-5% i felt that was chasing and did not enter and that is one of my rules not to chaise.  However the stock jumped up 50% by end of day so really a 5% up entry would have been fine with this play.  I have just seen many plays only do 10% lately and presently feel nailing the bottom is critical but this stock on Friday would have been fine.

 

The good news is I was watching the right stock at the right time.  Part of my hesitation is there was no twitter chat and no Tim Challenge chat at all related to this stock but it was on the pre market top % (at the bottom of the list) getters on STT.  I looked at the chart and recognized it was down past three days to previous resistance making it a perfect dip buy.  I just saw nobody else saw this so, how could I be right.  Once is started to move there was little chatter on this ticker.

Lesson is to follow your plan and take loss if needed. 

This could have been my first win and I got pissed I messed my entry.  Once of my rules is to not trade angry so I watched on and off during the day.  I was also setting up for my sons 9th birthday party and covering one of my employees who was sick.