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Patience is key, stock is now at 2.40 after 7days. & by patience i need more knowledge of the stock/play that i am getting into. Did not have enough research on this stock and felt uncomfortable after going down 10cents since my buy. Lesson from this play- the more knowledge of a stock/play will increase confidence during trade.

Took my own advice from my last trade and I brought my mental stop limit down to 10-15cents, I had a feeling that after the first bounce to the low 3's i could catch a dip and I did just that. If I'm not mistaken it topped out around 3.14 so I got out just on time. Small gain, but also biggest gain so far. On to the next play.

Bought this stock on Friday at about 10:30am after it broke .77 which was resistance right at the open. I am going to start making my mental stop limit loss at roughly .10-.15 cents, it dropped to about .64 cents after a fake out breakout at .82 and did nothing but climb from there on out. It is now at 1.95 at the close of Monday. Cant say its a terrible thing that I cut losses too quickly, but I do need to work on my patience once I enter a stock. Lesson learned.

Broke resistance and I thought it could be a decent breakout, 2.71 came and went so fast I didn't have time to get out in the 2.60s for a small gain.. Unfortunate. Cut losses for the day, although if I would have held I would probably be up right now seeing it hit 2.90 today. That would have been too risky though because it went all the way down to 2.00 on Tuesday. I'm fine with commissions and a $1.04 loss.
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