So this blog will be focusing on the last two BIG trade that I took this week.
I started off Monday with no trades, cuz i was being conservative as the market environment is changing. Tuesday is where $ICBU got my attention which I saw the stock is slowly climbing on the EMA line after that first break out from 3 days ago with volume. Usually with otc stocks which I have noticed for a while is that they move 20, 30% a day after the first green breakout day. I entered it on day three seeing the stock going red to green after a morning dip, I went long there. Then the stock faded off a little the rest of the day. Then on Wednesday I see a similar , it spiked and faded off a little which I added more, planning to hold one more day or two. They were moving with low volume that's why I was a bit confident on the theory. The stock broke out the support area as I was sleeping. I would've/ might've taken it for a loss, but i was sleeping and i was confident so i didn't set a stop loss, which i always don't like doing, because people could see my stop order. The next morning i woke up to a loss and that's fine except it gapped down 20%, and i had to sell it for a bigger loss.
I was way oversize on this. Not my go to pattern but I guess i was gambling.
Another trade i want to talk about is $SANP. I have a high conviction that after these multi days pump being dumped enough, it would have a at least 50% bounce off from the low. Turns out I bought it just a little bit early, i was down like 20% from my buy. I got in two days before the bounce had happened. And when the "bounce" happened. I sold it where my average was, cuz i was too afraid, and didn't wanna get out for a loss. The next day I checked it went to where I thought it would go, leaving 3000 dollars on the table. This really suck as bad as staying undisciplined. Hopefully I will get out with a valuable lesson here .
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