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This moved to $3.50's quickly then just faded. Kind of a random attempt to "make" this stock move again but not enough people joined in. Not a bad trade, basically flat.
I was right that this would move, but wrong in the "when". It doubled shortly after I sold.
Very nice longer term trade. Patience made this one. 8 weeks or so. Re-entered and now down on new trade, not much, but hanging on to it as it's very small size.
Attempted to break out, couldn't do it on 2nd or 3rd day, held too long, took a small hit. "Cut losses quickly"!!!! Damn it, listen to the Fricken rules!!
Seemingly decent trade but...........I sold on a set-up where I would have actually gotten long by the end of that day. Damn thing ran to $8.50 a few days later. Had a profit so I thought to take it and didn't "see" what I would have if I were flat. Another lesson. 25% is good, 150% would have been great. Next.
Very nice set-up for the entry and solid exit near high of the move. 100% stress free trade.
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