Hey guys so today I took a small loss on $EYEG as the first pullback failed to materialize. I exited as it broke the 9 ema for a $43.75 loss. I will post the trade as soon as it becomes available from SureTrader. $EYEG ended up running around noon but I usually don't trade at that time so I just ignored it lol ... I am paying close attention to stocks that run around lunch time as they might become potential plays in my book!
I almost took about a $180 loss after 10 a.m the price and volume faded and i sat there watching my money go bye bye. i know stocks tend to fade midday so i set a mental stop and waited till after lunch. fortunatly it paid off and i sold to soon. i know it can get hectic when your in the red but try to keep emotion out as much as possible especially when your making money. keep at it though small losses can be great lessons.
I can't believe you lost on EYEG. It was the perfect setup! There was the dip buy in the morning, followed by the ~1/2 pullback in the reversal period which happens ALL THE TIME. then once it broke the the daily high around 12:45 PM should have been an indicator to go for it. I mean, they had a + deal with Valeant!!
I mainly trade momentum so my strategy is a bit different. I often don't look to dip buy, I look for bull flags along with other momentum patterns.
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