I chased this one on news of its fraud alert but I was late to the party as all chasers are. Stupid trade

I was first attempt at a P&D. I was looking for it to move .10 to 30 cents higher at end of day but it went against me and failed shortly thereafter. Super low volume.

I felt comfortable with the risk/ reward plan even though it dipped through my risk, I just felt that dip was so weak that I added 50 shares and a few minutes I got the move I wanted. Good trade.

I was absolutely correct about the moves on this one. Had I waited a few more minutes I would have made more than $1 on this move. The first 1 minute ticker moved to my risk level, I got scared and pulled out. I learned from this and made money on $CNAT which has the exact same pattern and set up.

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I totally agreed with the risk reward from Tim's buy alert but it moved into my risk tolerance so I cut losses. The next open dipped hard before it spiked. Either way I would have been out so it was a good cut.

9/7/15

Best trade since being a challenge student.

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