$ITUS
LOST 5%
Morning Spike (backside)
in @ 2.15 & out @ 2.05

 

This has been running for some days now.

I was not as prepared for this play (even though i went over it on my watch list last nigt, i fail to wake up early enough to rehash my plan). Had a chance to buy it at 2.05ish this morning when it dipped and sale it for a 10% profit (2.25), but i hestated, thinking that i was going to keep dropping.

Instead it bounced back up and i lost discipline and went on a chase. got it @ 2.15 (bad price, should have waited atleast 2.10.

Decided to play the risk managment game (where i was not going to cut until it cross my risk 2.05) but i should of recongnize that i was topping because it was super choppey. 

Had a chance to take profits at 2.25, where it topped out recently,but i waned my 10% (2.35).

Got greedy, did not put the chart pattern first i was to be focus on what i wanted.

Had to take my 5% lost.

Really need to learn how to take scratches.