Been studying for the 57, was not going to trade today but I saw a very good opportunity and had to take it. I made a trade plan literally 2 min before the market opened, and I followed it flawlessly. While I could have sold in high 3.90's, I was letting this trade ride out until it showed me it was done, broke higher low and I sold.

As mentioned in $GALT, I bought in too early. I did not give the stock enough time to let it thoroughly show me what it wants to do. Patience is the currency of the truly wealthy.

I bought in thinking I had found the bottom, before I could move my eyes from the buy screen back to the chart, it dropped 11 cents to 2.63, 5minute chart simultaneously formed a new candled with a low of 2.67, it very quickly bounced back up to 2.69. I mentally held 2.67 as my stop, could have used 2.63 being it was already down there but that drop was unexpected. Turns out I was right about the 2.63 support area as in my plan. Patience is the currency of they truly wealthy.

Bought after it bottomed out thinking it was going to bounce, showed momentum for awhile but the bears just kept selling and selling. The bulls were able to stay above 5.00 for awhile, my mental STOP being at 5.06 the low of that trend was broken so I sold. Shortly after it tanked down to 4.80's.

This stock had over 8M shares traded premarket, tried buying premarket around 2.61 but could not get executed even though there was liquidity. Cancelled the order &. decided to watch and wait till the market open, bought after small dip, anticipated stock to hit 4.84, hit 4.64 but I sold early against my plan. Progress not perfection, I was in the zone watching the tape this time around!

There are only four types of acceptable trades. Small wins, big wins, small losses and breakevens. This should have been a small win, but I was thinking to myself that "it wasn't enough". That is greed talking, profits are profits. Watch the god damn tape, turn off the PnL and trade to trade well.

I am a little embarrassed to be uploading this trade. I made an amateur impulsive fear based decision to sell right before it broke out because it broke my 13EMA, it did not break my 39EMA (where I usually would confirm of a trend change) so I missed out on $1500. Would have been my best trade yet, never again.

Doubted early entry in low .50's, bought at top of first bounce where it failed. Held as it was making a higher low, and forming an ascending triangle using every higher low as STOP. TAPE was essential for this trade as Level 2 bulls were hiding positions, and bears were intimidating with theirs. After breakout, stock rallied to .5977, pulled back to 13EMA then rallied up to .6395 where I noticed selling in TAPE so I got out at .637 for a solid play given my doubtful circumstances.

I accidentally deleted all of my journal entry and exit information for this trade, although I do remember when I was in the trade recognizing a loss of momentum and I did not exit at that time. With that being said, that is what I learned from this trade. When you recognize a loss in momentum and the trade is or is not going in your favor, get out.

I bought in during the second rally at 1500/$3.684, it then preceded to climb and make new highs, new lows then fail (where I should have sold). I held on because it was still above intraday support, it then slowly made its way back up to $3.75, where it peaked and then reversed bottoming back out at $3.63 at the 1minute 200EMA line. I sold during this trend change thinking it was going to tank back down to last Friday’s close, or around that area.