Can somebody offer some analysis as to what I did wrong here? The picture above sort of outlines my thinking. I figured I would buy on the dip right where it would find good support. If it broke through support I would cut loses but it didn't it just sort of hovered there for an hour. What factors/criteria did I miss? I realize the catalyst of the test hasn't come out yet, probably the biggest contributor. Thoughts would be helpful. Thanks!
Posted Dec 07, 17 9:52 AMbylclayton242
Tickers
ASTC
Why did you exited the trade? ASTC could still be able to spike intraday or at the end of the day. I would have hold for sure. Anyway you learned a lesson here again ;)
Patience is something I need to work on for sure. It appears as though it is back up over 4.5. I am still learning. But appreciate the comment fittrader101. Thank you.
if you haven't already seen Tim S. video from this week on this ticker, check it out. he did pretty well on it and he explains it thoroughly. If it helps, I was in it on the 14th and the 16th and only made a little on the 16th. it didn't seem to follow the typical pattern of a low float, had news pattern. for example i thought it would trend up in the AH 14th going into 15th. but anyhow you have tim's video he got it all i think in one day.
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