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SHMP had good news (5M in new preferred equity financing) and a solid breakout with a lot of buyers in the level II. I followed my rules and locked in those profits when it started to consolidate and show strong resistance level at 0.067. I should have just kept watching the stock to see if it was going to break out this resistance level, which it did and I lost profiting 140$. P- 15 R- 8 E- 8 P- 8 A- 18 R- 4 E- 5 TOTAL: 83

I could have been more patient and waited to enter with a better risk-reward ratio, I should have stopped thinking about money and just focused on my progress. The risk is bigger if you use the strategy you made on inappropriate occasions. If the volume does not show up the breakout the odds are bad. After the first or second spike with a throwback, the odds are better, before the market open the stocks are dropping. Do not chase or buy at a too high breakout. Watch resistance.

I felt pressure to trade because of my job at 10 and did not have enough patience for confirmation of the reaction from the news. Good news, phase 2, but too early. At least I stuck to my plan and exited quickly as soon as the breakdown happened. I should have spent more time analyzing the stock and should have filled the sheet (quick checklist) that helps me keep consistent.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.