Just to let anyone else know reading this...I realize that hindsight is 100% correct but when you can see a trader's emotion in a chart based on where they entered and exited sometimes you just want to lend a hand. I'm not attempting to tell anyone what is right or wrong or how to trade but my comments are simply how I see things and if it can help someone then great. Everyone is a critic. If you have something negative or 'attacking' to say then comment here for all to see so everyone else knows about it. The internet is a great place to hide if you have a need to do that...

Luke:

I went to the CRBP chart and reviewed where your entries were. The green lines are your entries and the red lines are your exits based on the image you sent me. CRBP had a wild range per bar which means a lot of emotion seeing your profit potential going up and down very quickly. Welcome to Penny Stocks!

Your first entry was pretty quick on the open. And even thought the overnight price action was up the first few minutes of the open can go either way. We have all seen the spike up and down then the trend show up. Then, you exited with .05. All good, profit is profit. Second entry, trend is up (good) with more buying volume (good) and price is making it's way towards the pre-market high and this is where so amny stocks can turn around and head south. Then, you exited on the very next bar with .10 profit giving you .15 out of the trend which a lot of people would be happy with, including myself. Third entry, a little selling showed up with a price pullback and you get in again, feeling good on the entry and you take out .49!!! Nice....You're thinking you can make a lot on this stock and you get in again on the fourth entry and exit on the next bar for another .09..Making bank on the move getting out on the big candle. Trade #5...This thing is going to run you've taking about .90 out of the move which is fan freakin' tastic...Go in big and make real bank...CRBP tops out and the largest red selling bar of the day shows up...it's a big bar and price goes down from there.

Note: When you see the largest volume bar of the day along with the price action following that bar the usuually means the top is in or a major dip is starting. This is where you need to exit everything. You've almost made $1 on the move and you were simply thinking...more.

 

Price fades for the rest of the day and then you try to average down with another buy hoping for a retrun in price at the last green line. Notice that the upmoves had none of the volume buying power that were happening during the uptrend. If a market is going to move back up, the volume should be equivalent to what got it moving in the first place. It never showed up. The selling (red volume bars) were now larger then the bus and price was on it's way down...you finally get out on a small move up. There were a few green volume spike that moved price up some later in the day but those were rallies into a selling trend.  I think you should have called it after the .49 cent move and at least have exited when that large red volume bar showed up. Look back over any chart and look for that largest red or green bar during a trend and see what happens with price action after that.

My only trade on that day was where the blue lines are, in and out. I was really presses for time during the morning so that's all I did. And to be honsest, that range per bar was scary. I would have been quick on the exiit also.

Not sure what your account size is but I think you simply 'got that feeling' and went in too heavy and then held too long, adding to average down, then 'that feeling' is really eating you and you finally exit.

Study the volume patterns on the dips and rallies. Don't let this one trade think you can't do it. I sat back for about a month recently because I was getting only minimal returns on so much work. I told myself that I am going to try to be more consistent with entrires = only the best set ups that only show volume on the entry and it is helping. Additionally, I cut my initial share size entry in half..helps also.

I know the money lost is a tough pill to swallow but you are definetly not the first and wont be the last.

Stay strong...