Found on the TOS scanner and put trend lines on it which I somehow believed formed a symmetrical triangle. I was completely wrong!
(B)-Buy (S)-Sell
MACDH=> 0.0050639(B) - 0.0006318(S)
MACDT=>(B) Below the moving average
Volume=> 17,000(B) - 2,600(S)
Shares=> 2000
RSI=> 65.7462(B) - 43.2239(S)
MACDT=>(S) Crossed and trending downward
OPEN:$1.219 ($2438.00)(B)
CLOSE:$1.1706 ($2341.20)(S)
P/L: -$96.80 + $20 = (-$116.80)
Horrible trade! This is the dumb shit I was doing that caused the 4 consecutive red trades. I had no plan of action, I did not do enough research on the stock itself, I did not plan my entry and exit well, I did not consider the faded volume, I did not exit soon enough once I realized I had fucked up and because of all this I'm a dumbass for the day.
- Never should have made this trade or even looked to trade at all if I wasn't looking for a weekend hold.
- It was just dumb as Fuck and there's really no way to put it. I basically wanted to give away money today.
- Stay more discipline to the rules
Overall Grade: (F--)*pie
@ftmanglona Thanks!
@coryjwise yeah buddy
@ftmanglona I was in the process of doing some dumb shit and your advice came to mind immediately LOL. I ended up making out with a green day $100+ profit. I took a quick loss on XGTI (-$18.66) but, covered that and most of my bad OPGN trade with GSAT (+$125.70). Thanks man I needed to hear that!
I'm glad to see that it worked for you lol.
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